Insider Buying: Inchcape plc (LON:INCH) Insider Purchases 5,000 Shares of Stock

Key Points

• Byron Elmer Grote, an insider at Inchcape plc, purchased 5,000 shares of the company's stock for a total transaction value of £36,250 ($48,064) on July 29th.
• Inchcape plc has a market cap of £2.78 billion and reported earnings per share (EPS) of GBX 35.50 ($0.47) for the last quarter, with analysts expecting around 85.96 EPS for the current year.
• Analysts have varied price targets for Inchcape, with Berenberg Bank setting a target of GBX 1,120 ($14.85), while Citigroup lowered theirs from GBX 1,161 ($15.39) to GBX 1,101 ($14.60).

Inchcape plc (LON:INCH - Get Free Report) insider Byron Elmer Grote bought 5,000 shares of the company's stock in a transaction on Tuesday, July 29th. The stock was purchased at an average cost of GBX 725 ($9.63) per share, for a total transaction of £36,250 ($48,134.38).

Inchcape Trading Down 1.4%

Inchcape stock traded down GBX 9.50 ($0.13) during trading on Monday, reaching GBX 676.50 ($8.98). 920,801 shares of the company were exchanged, compared to its average volume of 1,321,862. Inchcape plc has a 52-week low of GBX 575 ($7.64) and a 52-week high of GBX 862 ($11.45). The company has a market capitalization of £2.66 billion, a P/E ratio of 10.81, a PEG ratio of 2.06 and a beta of 1.19. 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 stock's 50 day simple moving average is GBX 725.29 and its two-hundred day simple moving average is GBX 698.29.

Inchcape (LON:INCH - Get Free Report) last posted its earnings results on Tuesday, July 29th. The company reported GBX 35.50 ($0.47) EPS for the quarter. Inchcape had a return on equity of 17.60% and a net margin of 2.45%. On average, equities research analysts expect that Inchcape plc will post 85.9639233 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on INCH. JPMorgan Chase & Co. reaffirmed a "neutral" rating on shares of Inchcape in a research note on Thursday. Berenberg Bank reissued a "buy" rating and set a GBX 1,120 ($14.87) target price on shares of Inchcape in a research report on Tuesday, July 29th. Citigroup cut their target price on Inchcape from GBX 1,161 ($15.42) to GBX 1,101 ($14.62) and set a "buy" rating on the stock in a research report on Wednesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a GBX 800 ($10.62) target price on shares of Inchcape in a research report on Wednesday, July 30th.

Inchcape Company Profile

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.