JPMorgan Chase & Co. reiterated their neutral rating on shares of Inchcape (LON:INCH - Free Report) in a research note issued to investors on Thursday morning, MarketBeat Ratings reports.
Several other research analysts have also commented on INCH. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a GBX 800 ($10.62) target price on shares of Inchcape in a research report on Wednesday. Berenberg Bank reiterated a "buy" rating and issued a GBX 1,120 ($14.87) target price on shares of Inchcape in a research report on Tuesday. Finally, Citigroup decreased their target price on Inchcape from GBX 1,161 ($15.41) to GBX 1,101 ($14.61) and set a "buy" rating for the company in a research report on Wednesday.
Read Our Latest Stock Analysis on INCH
Inchcape Stock Down 2.3%
LON INCH traded down GBX 16 ($0.21) during mid-day trading on Thursday, reaching GBX 686 ($9.11). 914,102 shares of the company's stock traded hands, compared to its average volume of 1,324,572. Inchcape has a 1-year low of GBX 575 ($7.63) and a 1-year high of GBX 863.50 ($11.46). The company has a fifty day simple moving average of GBX 725.29 and a 200-day simple moving average of GBX 698.92. The company has a current ratio of 1.10, a quick ratio of 0.51 and a debt-to-equity ratio of 206.10. The company has a market cap of £2.70 billion, a price-to-earnings ratio of 10.96, 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 data on Tuesday, July 29th. The company reported GBX 35.50 ($0.47) earnings per share for the quarter. Inchcape had a return on equity of 17.60% and a net margin of 2.45%. As a group, equities research analysts expect that Inchcape will post 85.9639233 EPS for the current year.
Insider Activity at Inchcape
In related news, insider Byron Elmer Grote purchased 5,000 shares of the business's stock in a transaction that occurred on Tuesday, July 29th. The shares were acquired at an average price of GBX 725 ($9.62) per share, with a total value of £36,250 ($48,115.21). Also, insider Adrian Lewis purchased 150 shares of the business's stock in a transaction that occurred on Monday, June 16th. The stock was bought at an average cost of GBX 684 ($9.08) per share, for a total transaction of £1,026 ($1,361.83). Company insiders own 14.84% of the company's stock.
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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