Inchcape (LON:INCH) Price Target Cut to GBX 1,161 by Analysts at Citigroup

Inchcape (LON:INCH - Free Report) had its price objective decreased by Citigroup from GBX 1,163 ($15.62) to GBX 1,161 ($15.59) in a report issued on Thursday morning, Marketbeat Ratings reports. Citigroup currently has a buy rating on the stock.

Separately, Berenberg Bank reiterated a "buy" rating and issued a GBX 1,120 ($15.04) price target on shares of Inchcape in a research note on Thursday, June 26th.

Inchcape Stock Performance

LON:INCH traded up GBX 5.50 ($0.07) during trading hours on Thursday, hitting GBX 783.50 ($10.52). 352,323 shares of the company were exchanged, compared to its average volume of 1,364,008. The stock has a market capitalization of £3.08 billion, a price-to-earnings ratio of 12.52, a PEG ratio of 2.06 and a beta of 1.19. Inchcape has a 52-week low of GBX 575 ($7.72) and a 52-week high of GBX 874 ($11.74). 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 company's 50 day moving average price is GBX 710.20 and its 200-day moving average price is GBX 698.24.

Insider Transactions at Inchcape

In other Inchcape news, insider Adrian Lewis purchased 150 shares of the company's stock in a transaction that occurred on Monday, June 16th. The stock was acquired at an average cost of GBX 684 ($9.18) per share, with a total value of £1,026 ($1,377.74). 14.84% of the stock is currently 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.