Inchcape plc (LON:INCH - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 575 ($7.73) and last traded at GBX 668 ($8.97), with a volume of 15035688 shares traded. The stock had previously closed at GBX 692 ($9.30).
Analyst Ratings Changes
A number of equities research analysts recently commented on INCH shares. JPMorgan Chase & Co. cut shares of Inchcape to a "neutral" rating in a research report on Thursday, January 23rd. Citigroup raised their price objective on Inchcape from GBX 1,113 ($14.95) to GBX 1,194 ($16.04) and gave the stock a "buy" rating in a research report on Thursday, March 6th.
View Our Latest Analysis on Inchcape
Inchcape Trading Up 0.1 %
The company has a 50 day simple moving average of GBX 689.44 and a 200 day simple moving average of GBX 720.82. The company has a market capitalization of £2.60 billion, a PE ratio of 10.58, a price-to-earnings-growth ratio of 2.06 and a beta of 1.19. The company has a debt-to-equity ratio of 206.10, a quick ratio of 0.51 and a current ratio of 1.10.
Inchcape (LON:INCH - Get Free Report) last posted its quarterly earnings results on Tuesday, March 4th. The company reported GBX 71.30 ($0.96) EPS for the quarter. Inchcape had a return on equity of 17.60% and a net margin of 2.45%. Analysts anticipate that Inchcape plc will post 85.9639233 earnings per share for the current year.
Inchcape Increases Dividend
The company also recently announced a dividend, which will be paid on Monday, June 16th. Investors of record on Thursday, May 1st will be paid a dividend of GBX 17.20 ($0.23) per share. The ex-dividend date of this dividend is Thursday, May 1st. This represents a dividend yield of 2.38%. This is an increase from Inchcape's previous dividend of $11.30. Inchcape's payout ratio is presently 57.52%.
Insider Activity
In other Inchcape news, insider Duncan Tait bought 6,948 shares of the business's stock in a transaction dated Tuesday, March 4th. The stock was acquired at an average cost of GBX 716 ($9.62) per share, with a total value of £49,747.68 ($66,838.21). Company 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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