Inchcape (LON:INCH - Get Free Report) issued its earnings results on Tuesday. The company reported GBX 35.50 ($0.47) earnings per share for the quarter, Digital Look Earnings reports. Inchcape had a net margin of 2.45% and a return on equity of 17.60%.
Inchcape Trading Down 2.3%
INCH traded down GBX 16 ($0.21) on Friday, reaching GBX 686 ($9.11). 914,102 shares of the company's stock were exchanged, compared to its average volume of 1,324,572. The company's 50 day moving average is GBX 725.28 and its 200-day moving average is GBX 699.16. The company has a market cap of £2.70 billion, a price-to-earnings ratio of 10.96, a PEG ratio of 2.06 and a beta of 1.19. Inchcape has a twelve month low of GBX 575 ($7.63) and a twelve month high of GBX 863.50 ($11.46). The company has a debt-to-equity ratio of 206.10, a quick ratio of 0.51 and a current ratio of 1.10.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on INCH. JPMorgan Chase & Co. reissued a "neutral" rating on shares of Inchcape in a report on Thursday. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a GBX 800 ($10.62) price objective on shares of Inchcape in a report on Wednesday. Citigroup cut their price objective on shares of Inchcape from GBX 1,161 ($15.41) to GBX 1,101 ($14.61) and set a "buy" rating on the stock in a report on Wednesday. Finally, Berenberg Bank reissued a "buy" rating and set a GBX 1,120 ($14.87) price objective on shares of Inchcape in a report on Tuesday.
Get Our Latest Report on INCH
Insider Activity at Inchcape
In related news, insider Byron Elmer Grote acquired 5,000 shares of the business's stock in a transaction that occurred on Tuesday, July 29th. The shares were acquired at an average cost of GBX 725 ($9.62) per share, for a total transaction of £36,250 ($48,115.21). Also, insider Adrian Lewis purchased 150 shares of the company's stock in a transaction on Monday, June 16th. The stock was acquired at an average price of GBX 684 ($9.08) per share, for a total transaction of £1,026 ($1,361.83). 14.84% of the stock is 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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