Berenberg Bank reiterated their buy rating on shares of Inchcape (LON:INCH - Free Report) in a research report sent to investors on Tuesday morning, Marketbeat.com reports. Berenberg Bank currently has a GBX 1,120 ($14.87) price objective on the stock.
Separately, Citigroup lowered their target price on Inchcape from GBX 1,163 ($15.44) to GBX 1,161 ($15.41) and set a "buy" rating on the stock in a report on Thursday, July 17th.
View Our Latest Report on INCH
Inchcape Price Performance
INCH stock traded down GBX 16 ($0.21) during trading hours on Tuesday, hitting GBX 686 ($9.11). 914,102 shares of the stock traded hands, compared to its average volume of 1,324,572. The stock has a 50-day simple moving average of GBX 725.29 and a 200 day simple moving average of GBX 698.92. Inchcape has a one year low of GBX 575 ($7.63) and a one year high of GBX 863.50 ($11.46). The company has a market cap 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 announced its quarterly earnings data on Tuesday, July 29th. The company reported GBX 35.50 ($0.47) earnings per share (EPS) for the quarter. Inchcape had a return on equity of 17.60% and a net margin of 2.45%. Equities analysts forecast that Inchcape will post 85.9639233 earnings per share for the current year.
Insiders Place Their Bets
In other news, insider Byron Elmer Grote acquired 5,000 shares of Inchcape stock in a transaction dated Tuesday, July 29th. The stock was bought at an average cost of GBX 725 ($9.62) per share, with a total value of £36,250 ($48,115.21). Also, insider Adrian Lewis bought 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, for a total transaction of £1,026 ($1,361.83). 14.84% of the stock is owned by insiders.
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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