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Inchcape ( (GB:INCH) ) has shared an update.
Inchcape plc has executed a share buyback program, purchasing 151,146 ordinary shares at an average price of 780.09p each, with the intention to cancel these shares. This forms part of a larger buyback initiative started in August 2024, in which the company has acquired over 16.7 million shares, aiming to optimize its capital structure and potentially enhance shareholder value.
More about Inchcape
Inchcape plc operates in the automotive industry, focusing on the distribution, retail, and services of automobiles. The company is known for its extensive reach in the global market, providing a range of car-related services and products.
YTD Price Performance: 14.70%
Average Trading Volume: 773,189
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £3.1B
For detailed information about INCH stock, go to TipRanks’ Stock Analysis page.
