Berenberg Bank reiterated their buy rating on shares of Inchcape (LON:INCH - Free Report) in a report published on Thursday, Marketbeat.com reports. The brokerage currently has a GBX 1,120 ($15.37) price target on the stock.
Separately, Citigroup cut their price target on Inchcape from GBX 1,194 ($16.38) to GBX 1,163 ($15.96) and set a "buy" rating on the stock in a research note on Tuesday, April 29th.
Read Our Latest Stock Analysis on Inchcape
Inchcape Trading Up 0.6%
Shares of INCH stock traded up GBX 4 ($0.05) during trading hours on Thursday, reaching GBX 725 ($9.95). The company had a trading volume of 503,814 shares, compared to its average volume of 1,439,846. The company has a 50 day moving average of GBX 682.36 and a 200 day moving average of GBX 697.84. The company has a debt-to-equity ratio of 206.10, a current ratio of 1.10 and a quick ratio of 0.51. The firm has a market cap of £2.85 billion, a price-to-earnings ratio of 11.58, a P/E/G ratio of 2.06 and a beta of 1.19. Inchcape has a 1-year low of GBX 575 ($7.89) and a 1-year high of GBX 874 ($11.99).
Insider Buying and Selling
In other Inchcape news, insider Adrian Lewis acquired 150 shares of the company's stock in a transaction that occurred on Monday, June 16th. The shares were acquired at an average price of GBX 684 ($9.38) per share, with a total value of £1,026 ($1,407.60). 14.84% of the stock is currently owned by company insiders.
About Inchcape
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Inchcape is the leading global automotive distributor, with operations across six continents. By combining our in-market expertise with our unique technology and advanced data analytics, we create innovative customer experiences that deliver outstanding performance for our partners – building stronger automotive brands and creating sustainable growth.
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