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.
Get Our Latest Stock Report on INCH
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
(
Get Free Report)
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.
Featured Stories
Before you consider Inchcape, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Inchcape wasn't on the list.
While Inchcape currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Today, we are inviting you to take a free peek at our proprietary, exclusive, and up-to-the-minute list of 20 stocks that Wall Street's top analysts hate.
Many of these appear to have good fundamentals and might seem like okay investments, but something is wrong. Analysts smell something seriously rotten about these companies. These are true "Strong Sell" stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
