Inchcape plc (LON:INCH - Get Free Report)'s stock price traded down 10.8% during mid-day trading on Tuesday . The stock traded as low as GBX 711 ($9.39) and last traded at GBX 714 ($9.43). 1,710,748 shares were traded during trading, an increase of 29% from the average session volume of 1,329,969 shares. The stock had previously closed at GBX 800 ($10.57).
Wall Street Analysts Forecast Growth
Several research analysts have issued reports on the company. Citigroup dropped their target price on Inchcape from GBX 1,161 ($15.34) to GBX 1,101 ($14.54) and set a "buy" rating for the company in a research report on Wednesday. Berenberg Bank reaffirmed a "buy" rating and set a GBX 1,120 ($14.80) price target on shares of Inchcape in a research note on Tuesday. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a GBX 800 ($10.57) price target on shares of Inchcape in a research note on Wednesday. Finally, JPMorgan Chase & Co. reaffirmed a "neutral" rating on shares of Inchcape in a research note on Thursday.
Read Our Latest Report on INCH
Inchcape Stock Down 1.4%
The company's 50 day moving average price is GBX 725.28 and its two-hundred day moving average price is GBX 699.16. 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 stock has a market cap of £2.72 billion, a P/E ratio of 11.06, a P/E/G ratio of 2.06 and a beta of 1.19.
Inchcape (LON:INCH - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The company reported GBX 35.50 ($0.47) earnings per share for the quarter. Inchcape had a net margin of 2.45% and a return on equity of 17.60%. As a group, research analysts expect that Inchcape plc will post 85.9639233 earnings per share for the current year.
Insider Activity at Inchcape
In other Inchcape news, insider Adrian Lewis acquired 150 shares of the business's stock in a transaction that occurred on Monday, June 16th. The shares were bought at an average cost of GBX 684 ($9.04) per share, with a total value of £1,026 ($1,355.35). Also, insider Byron Elmer Grote acquired 5,000 shares of the business's stock in a transaction that occurred on Tuesday, July 29th. The shares were acquired at an average cost of GBX 725 ($9.58) per share, for a total transaction of £36,250 ($47,886.39). 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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