Inchcape (LON:INCH) Given "Hold" Rating at Deutsche Bank Aktiengesellschaft

Key Points

• Inchcape (LON: INCH) received a "hold" rating from Deutsche Bank with a target price of GBX 800 ($10.68), indicating a potential upside of 12.44% from its current price.
• Other analysts have varied opinions; Citigroup lowered its target price to GBX 1,101 ($14.70) while Berenberg Bank set a target of GBX 1,120 ($14.96) with a "buy" rating.
• Inchcape's stock opened at GBX 711.50 ($9.50) and has a market cap of £2.80 billion, with a recent EPS report of GBX 35.50 ($0.47) for the quarter.

Inchcape (LON:INCH - Get Free Report)'s stock had its "hold" rating reissued by investment analysts at Deutsche Bank Aktiengesellschaft in a note issued to investors on Wednesday, MarketBeat reports. They presently have a GBX 800 ($10.62) price target on the stock. Deutsche Bank Aktiengesellschaft's price target indicates a potential upside of 16.62% from the stock's previous close.

A number of other analysts have also weighed in on INCH. Citigroup reduced their target price on Inchcape from GBX 1,161 ($15.41) to GBX 1,101 ($14.61) and set a "buy" rating on the stock in a research note 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 note on Tuesday, July 29th.

Inchcape Trading Down 2.3%

LON:INCH traded down GBX 16 ($0.21) during midday trading on Wednesday, hitting GBX 686 ($9.11). 914,102 shares of the company traded hands, compared to its average volume of 1,324,572. The firm's fifty day moving average is GBX 725.29 and its 200-day moving average is GBX 698.62. Inchcape has a 12-month low of GBX 575 ($7.63) and a 12-month high of GBX 863.50 ($11.46). The firm has a market capitalization of £2.70 billion, a P/E ratio of 10.96, a P/E/G ratio of 2.06 and a beta of 1.19. The company has a current ratio of 1.10, a quick ratio of 0.51 and a debt-to-equity ratio of 206.10.

Inchcape (LON:INCH - Get Free Report) last released its earnings results 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%. On average, sell-side analysts predict that Inchcape will post 85.9639233 EPS for the current year.

Insider Buying and Selling at Inchcape

In related news, insider Adrian Lewis acquired 150 shares of the company's stock in a transaction that occurred on Monday, June 16th. The shares were bought at an average price of GBX 684 ($9.08) per share, with a total value of £1,026 ($1,361.83). Also, insider Byron Elmer Grote acquired 5,000 shares of the company's stock in a transaction that occurred on Tuesday, July 29th. The shares were bought at an average cost of GBX 725 ($9.62) per share, for a total transaction of £36,250 ($48,115.21). Company insiders own 14.84% of the company's stock.

About Inchcape

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.