Inchcape (LON:INCH) Given New GBX 1,115 Price Target at Citigroup

Key Points

• Citigroup has raised its price target for Inchcape to GBX 1,115, suggesting a potential upside of 55.08% from its current price, while maintaining a "buy" rating.
• Other analysts have mixed views, with Deutsche Bank holding a GBX 800 target and UBS setting a target of GBX 920, contributing to a consensus rating of "Moderate Buy".
• In recent insider transactions, Adrian Lewis sold nearly 25,000 shares, while Stuart Rowley purchased 3,000 shares, highlighting insider engagement in the company's stock.

Inchcape (LON:INCH - Get Free Report) had its target price raised by stock analysts at Citigroup from GBX 1,101 to GBX 1,115 in a research note issued to investors on Monday,Digital Look reports. The brokerage currently has a "buy" rating on the stock. Citigroup's price target would indicate a potential upside of 55.08% from the company's current price.

Other analysts have also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a GBX 800 price target on shares of Inchcape in a research note on Wednesday, July 30th. JPMorgan Chase & Co. restated a "neutral" rating on shares of Inchcape in a research report on Thursday. UBS Group restated a "buy" rating and set a GBX 920 target price on shares of Inchcape in a research report on Friday. Finally, Berenberg Bank restated a "buy" rating and set a GBX 1,120 target price on shares of Inchcape in a research report on Tuesday, September 2nd. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 988.75.

Inchcape Stock Up 3.2%

Shares of INCH stock opened at GBX 719 on Monday. The stock has a market cap of £2.63 billion, a P/E ratio of 6.85, a PEG ratio of 2.06 and a beta of 1.19. Inchcape has a 52 week low of GBX 575 and a 52 week high of GBX 819. The company has a quick ratio of 0.51, a current ratio of 1.10 and a debt-to-equity ratio of 206.10. The company's fifty day simple moving average is GBX 681.06 and its two-hundred day simple moving average is GBX 694.56.

Inchcape (LON:INCH - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The company reported GBX 35.50 EPS for the quarter. Inchcape had a net margin of 2.45% and a return on equity of 17.60%. Analysts predict that Inchcape will post 85.9639233 EPS for the current fiscal year.

Insider Transactions at Inchcape

In other Inchcape news, insider Adrian Lewis sold 24,883 shares of the firm's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of GBX 666, for a total value of £165,720.78. Also, insider Stuart Rowley purchased 3,000 shares of the firm's stock in a transaction on Friday, August 1st. The stock was bought at an average cost of GBX 929 per share, with a total value of £27,870. Over the last three months, insiders have purchased 15,718 shares of company stock valued at $11,565,470. 9.26% of the stock is currently owned by company insiders.

Inchcape Company Profile

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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