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An announcement from Inchcape ( (GB:INCH) ) is now available.
Inchcape plc has announced the purchase of 143,391 of its ordinary shares as part of its ongoing share buyback programme, which commenced on 1 August 2024. The company plans to cancel these shares, contributing to a reduction in the total number of shares in issue to 393,990,579. Since the start of the buyback program, Inchcape has repurchased 19,016,553 shares at a total cost of £149,277,677.35, a move that may influence its stock value and shareholder returns.
More about Inchcape
Inchcape plc operates in the automotive distribution and retail sector, providing a wide range of automotive services and products, focusing on optimizing vehicle distribution and retail operations across various markets.
YTD Price Performance: -0.84%
Average Trading Volume: 747,464
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £3.01B
For an in-depth examination of INCH stock, go to TipRanks’ Stock Analysis page.
