Inchcape (LON:INCH) Trading Down 10.8% - What's Next?

Key Points

• Inchcape plc's shares declined by 10.8% during mid-day trading, reaching GBX 714 ($9.54), compared to a previous close of GBX 800 ($10.69).
• Analysts have mixed views, with Berenberg Bank maintaining a "buy" rating and a target price of GBX 1,120 while Citigroup slightly lowered theirs from GBX 1,163 to GBX 1,161.
• In the latest earnings report, Inchcape posted an EPS of GBX 35.50 ($0.47) with predictions of a total EPS of 85.96 for the current year.

Inchcape plc (LON:INCH - Get Free Report) shares were down 10.8% during trading on Tuesday . The stock traded as low as GBX 711 ($9.44) and last traded at GBX 714 ($9.48). Approximately 1,710,748 shares traded hands during trading, an increase of 29% from the average daily volume of 1,329,969 shares. The stock had previously closed at GBX 800 ($10.62).

Analyst Ratings Changes

Several research analysts have commented on INCH shares. Berenberg Bank reaffirmed a "buy" rating and set a GBX 1,120 ($14.87) target price on shares of Inchcape in a report on Tuesday. Citigroup dropped their price objective on Inchcape from GBX 1,161 ($15.41) to GBX 1,101 ($14.61) and set a "buy" rating on the stock in a research note on Wednesday. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a GBX 800 ($10.62) price objective on shares of Inchcape in a research note on Wednesday. Finally, JPMorgan Chase & Co. reissued a "neutral" rating on shares of Inchcape in a research note on Thursday.

Inchcape Price Performance

The company has a market capitalization of £2.70 billion, a price-to-earnings ratio of 10.96, a P/E/G 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. The business has a 50 day moving average price of GBX 725.29 and a 200-day moving average price of GBX 698.92.

Inchcape (LON:INCH - Get Free Report) last issued its earnings results on Tuesday, July 29th. The company reported GBX 35.50 ($0.47) EPS for the quarter. Inchcape had a return on equity of 17.60% and a net margin of 2.45%. Research analysts predict that Inchcape plc will post 85.9639233 EPS for the current fiscal year.

Insider Transactions at Inchcape

In other news, insider Adrian Lewis bought 150 shares of the firm's stock in a transaction that occurred on Monday, June 16th. The stock was acquired at an average cost of GBX 684 ($9.08) per share, with a total value of £1,026 ($1,361.83). Also, insider Byron Elmer Grote bought 5,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 29th. The stock was purchased at an average cost of GBX 725 ($9.62) per share, with a total value of £36,250 ($48,115.21). Insiders own 14.84% of the company's stock.

Inchcape Company Profile

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.