UBS Group initiated coverage on shares of Inchcape (LON:INCH - Free Report) in a research report report published on Thursday, MarketBeat.com reports. The brokerage issued a buy rating and a GBX 920 target price on the stock.
Several other equities research analysts also recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a GBX 800 price objective on shares of Inchcape in a research note on Wednesday, July 30th. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 1,120 price target on shares of Inchcape in a report on Tuesday, September 2nd. JPMorgan Chase & Co. reiterated a "neutral" rating on shares of Inchcape in a research note on Thursday, July 31st. Finally, Citigroup lowered their target price on shares of Inchcape from GBX 1,161 to GBX 1,101 and set a "buy" rating for the company in a research note on Wednesday, July 30th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 985.25.
Read Our Latest Stock Analysis on Inchcape
Inchcape Stock Down 0.5%
Shares of LON:INCH traded down GBX 3.60 during trading hours on Thursday, reaching GBX 676. The stock had a trading volume of 416,776 shares, compared to its average volume of 1,386,826. The firm's 50 day moving average is GBX 695.58 and its 200-day moving average is GBX 695.10. Inchcape has a 1 year low of GBX 575 and a 1 year high of GBX 819.50. The company has a debt-to-equity ratio of 206.10, a quick ratio of 0.51 and a current ratio of 1.10. The stock has a market capitalization of £2.49 billion, a price-to-earnings ratio of 643.81, a P/E/G ratio of 2.06 and a beta of 1.19.
Inchcape (LON:INCH - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The company reported GBX 35.50 earnings per share for the quarter. Inchcape had a net margin of 2.45% and a return on equity of 17.60%. Research analysts predict that Inchcape will post 85.9639233 earnings per share for the current fiscal year.
Insider Transactions at Inchcape
In related news, insider Byron Elmer Grote purchased 3,500 shares of the stock in a transaction on Tuesday, August 5th. The shares were bought at an average price of GBX 671 per share, for a total transaction of £23,485. Also, insider Stuart Rowley purchased 3,000 shares of the stock in a transaction on Friday, August 1st. The shares were bought at an average price of GBX 929 per share, for a total transaction of £27,870. Insiders purchased 15,718 shares of company stock valued at $11,565,470 over the last three months. 5.71% of the stock is owned by corporate 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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