Inchcape (LON:INCH) Price Target Lowered to GBX 1,161 at Citigroup

Inchcape (LON:INCH - Free Report) had its target price reduced by Citigroup from GBX 1,163 ($15.60) to GBX 1,161 ($15.57) in a research report released on Thursday morning, MarketBeat reports. Citigroup currently has a buy rating on the stock.

Separately, Berenberg Bank reissued a "buy" rating and issued a GBX 1,120 ($15.02) price target on shares of Inchcape in a research report on Thursday, June 26th.

Inchcape Stock Up 0.7%

Inchcape stock traded up GBX 5.50 ($0.07) during mid-day trading on Thursday, hitting GBX 783.50 ($10.51). 352,323 shares of the company's stock were exchanged, compared to its average volume of 1,364,008. The stock has a 50 day moving average of GBX 712.27 and a two-hundred day moving average of GBX 697.40. The company has a current ratio of 1.10, a quick ratio of 0.51 and a debt-to-equity ratio of 206.10. Inchcape has a 1-year low of GBX 575 ($7.71) and a 1-year high of GBX 874 ($11.72). The stock has a market cap of £3.08 billion, a P/E ratio of 12.52, a P/E/G ratio of 2.06 and a beta of 1.19.

Insider Activity

In related news, insider Adrian Lewis acquired 150 shares of the business's stock in a transaction that occurred on Monday, June 16th. The shares were acquired at an average cost of GBX 684 ($9.18) per share, with a total value of £1,026 ($1,376.26). 14.84% of the stock is owned by company insiders.

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.