JPMorgan Chase & Co. reiterated their neutral rating on shares of Inchcape (LON:INCH - Free Report) in a report published on Thursday morning, MarketBeat Ratings reports.
A number of other research firms have also issued reports on INCH. Berenberg Bank reiterated a "buy" rating and issued a GBX 1,120 ($14.87) target price on shares of Inchcape in a report on Tuesday, July 29th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a GBX 800 ($10.62) target price on shares of Inchcape in a research report on Wednesday, July 30th. Finally, Citigroup lowered their price target on Inchcape from GBX 1,161 ($15.42) to GBX 1,101 ($14.62) and set a "buy" rating on the stock in a report on Wednesday, July 30th.
Check Out Our Latest Report on Inchcape
Inchcape Price Performance
LON INCH traded down GBX 9.50 ($0.13) during trading hours on Thursday, reaching GBX 676.50 ($8.98). The company's stock had a trading volume of 920,801 shares, compared to its average volume of 1,321,862. The firm has a market capitalization of £2.66 billion, a price-to-earnings ratio of 10.81, a P/E/G ratio of 2.06 and a beta of 1.19. Inchcape has a 1-year low of GBX 575 ($7.64) and a 1-year high of GBX 862 ($11.45). 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 is GBX 725.29 and its two-hundred day moving average is GBX 698.29.
Inchcape (LON:INCH - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The company reported GBX 35.50 ($0.47) earnings per share (EPS) for the quarter. Inchcape had a return on equity of 17.60% and a net margin of 2.45%. On average, equities analysts predict that Inchcape will post 85.9639233 EPS for the current year.
Insider Transactions at Inchcape
In related news, insider Adrian Lewis bought 150 shares of the business's stock in a transaction dated Monday, June 16th. The shares were acquired at an average price of GBX 684 ($9.08) per share, for a total transaction of £1,026 ($1,362.37). Also, insider Byron Elmer Grote bought 5,000 shares of the business's stock in a transaction dated Tuesday, July 29th. The stock was bought at an average price of GBX 725 ($9.63) per share, for a total transaction of £36,250 ($48,134.38). Corporate 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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