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The latest announcement is out from Inchcape ( (GB:INCH) ).
Inchcape plc announced the purchase of 203,087 ordinary shares on December 23, 2024, as part of its ongoing share buyback program. This initiative, which began on August 1, 2024, aims to cancel these shares, reducing the total number of shares in circulation to 394,785,067. Since the start of the program, the company has bought back 18,222,065 shares at a total cost of £143,183,726.08, potentially enhancing shareholder value and signaling confidence in the company’s financial position.
More about Inchcape
Inchcape plc operates in the automotive distribution and retail industry, providing services such as vehicle sales, distribution, and associated services. The company focuses on delivering these services across various international markets.
YTD Price Performance: 13.09%
Average Trading Volume: 807,878
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £3.05B
For a thorough assessment of INCH stock, go to TipRanks’ Stock Analysis page.
