Inchcape plc (LON:INCH) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• Broker consensus is “Moderate Buy”: Four of six analysts recommend buying Inchcape, while two rate it a hold. The average 12-month price target is GBX 1,057.40, above the GBX 847 opening price cited.
• Recent analyst actions were generally positive, including raised price targets from Deutsche Bank and Citigroup; Jefferies and Berenberg maintained buy ratings with targets of GBX 1,050 and GBX 1,170, respectively.
• Insider Tracy Clarke bought 3,029 shares for approximately £24,808, while Inchcape reported quarterly EPS of GBX 35.50, a 19.59% return on equity, and a 2.44% net margin.

Shares of Inchcape plc (LON:INCH - Get Free Report) have received an average rating of "Moderate Buy" from the six brokerages that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is GBX 1,057.40.

A number of analysts have issued reports on INCH shares. Deutsche Bank Aktiengesellschaft raised their price target on Inchcape from GBX 830 to GBX 870 and gave the stock a "hold" rating in a research note on Wednesday, July 29th. Jefferies Financial Group reaffirmed a "buy" rating and set a GBX 1,050 price objective on shares of Inchcape in a research note on Wednesday, July 29th. Citigroup increased their price objective on shares of Inchcape from GBX 1,274 to GBX 1,277 and gave the stock a "buy" rating in a report on Wednesday, July 29th. Finally, Berenberg Bank reissued a "buy" rating and issued a GBX 1,170 target price on shares of Inchcape in a research report on Tuesday, July 28th.

Insider Buying and Selling at Inchcape

In related news, insider Tracy Clarke purchased 3,029 shares of the firm's stock in a transaction on Tuesday, July 28th. The shares were bought at an average price of GBX 819 per share, for a total transaction of £24,807.51. 13.45% of the stock is currently owned by company insiders.

Inchcape Trading Up 0.4%

Shares of Inchcape stock opened at GBX 847 on Wednesday. Inchcape has a fifty-two week low of GBX 640.50 and a fifty-two week high of GBX 895. The firm has a market cap of £2.95 billion, a PE ratio of 13.36, a P/E/G ratio of 2.06 and a beta of 0.98. The business's fifty day moving average is GBX 811.74 and its two-hundred day moving average is GBX 815.47. The company has a quick ratio of 0.51, a current ratio of 1.03 and a debt-to-equity ratio of 125.11.

Inchcape (LON:INCH - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The company reported GBX 35.50 EPS for the quarter. Inchcape had a return on equity of 19.59% and a net margin of 2.44%. Analysts anticipate that Inchcape will post 85.9639233 earnings per share for the current year.

Inchcape declared that its board has authorized a share buyback program on Tuesday, July 28th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company's leadership believes its stock is undervalued.

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. Our distribution platform connects the products of mobility company partners with customers, and our responsibilities span product planning and pricing, import and logistics, brand and marketing to operating digital sales, managing physical sales and aftermarket service channels.

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