Inchcape (LON:INCH) Price Target Lowered to GBX 1,163 at Citigroup

Inchcape (LON:INCH - Free Report) had its price target decreased by Citigroup from GBX 1,194 ($15.84) to GBX 1,163 ($15.43) in a research note released on Tuesday morning, Marketbeat reports. Citigroup currently has a buy rating on the stock.

Separately, JPMorgan Chase & Co. cut Inchcape to a "neutral" rating in a report on Thursday, January 23rd.

Inchcape Stock Performance

INCH stock traded up GBX 1 ($0.01) during trading on Tuesday, reaching GBX 665 ($8.82). 1,795,124 shares of the stock were exchanged, compared to its average volume of 1,575,834. Inchcape has a twelve month low of GBX 575 ($7.63) and a twelve month high of GBX 874 ($11.60). 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 capitalization of £2.61 billion, a P/E ratio of 10.62, a price-to-earnings-growth ratio of 2.06 and a beta of 1.19. The stock has a 50 day simple moving average of GBX 688.03 and a 200-day simple moving average of GBX 718.40.

Inchcape (LON:INCH - Get Free Report) last announced its quarterly earnings data on Tuesday, March 4th. The company reported GBX 71.30 ($0.95) 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, sell-side analysts anticipate that Inchcape will post 85.9639233 earnings per share for the current year.

Inchcape Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, June 16th. Investors of record on Thursday, May 1st will be given a dividend of GBX 17.20 ($0.23) per share. The ex-dividend date of this dividend is Thursday, May 1st. This is a positive change from Inchcape's previous dividend of $11.30. This represents a yield of 2.38%. Inchcape's dividend payout ratio is 57.52%.

Insider Buying and Selling at Inchcape

In related news, insider Duncan Tait acquired 6,948 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The stock was purchased at an average price of GBX 716 ($9.50) per share, for a total transaction of £49,747.68 ($66,013.38). Corporate 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.