Inchcape plc (LON:INCH - Get Free Report)'s share price fell 11.7% on Tuesday . The company traded as low as GBX 706.50 ($9.38) and last traded at GBX 706.50 ($9.38). 1,858,581 shares traded hands during mid-day trading, an increase of 40% from the average session volume of 1,330,989 shares. The stock had previously closed at GBX 800 ($10.62).
Analyst Ratings Changes
Several equities research analysts have recently commented on INCH shares. Citigroup decreased their target price on shares of Inchcape from GBX 1,161 ($15.41) to GBX 1,101 ($14.61) and set a "buy" rating for the company in a research report on Wednesday. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a GBX 800 ($10.62) price objective on shares of Inchcape in a report on Wednesday. Berenberg Bank restated a "buy" rating and issued a GBX 1,120 ($14.87) target price on shares of Inchcape in a report on Tuesday. Finally, JPMorgan Chase & Co. reaffirmed a "neutral" rating on shares of Inchcape in a research report on Thursday.
Check Out Our Latest Stock Analysis on INCH
Inchcape Stock Performance
The company's 50-day simple moving average is GBX 725.29 and its 200 day simple moving average is GBX 698.92. The stock has a market cap of £2.70 billion, a P/E ratio of 10.96, a PEG 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 posted 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 net margin of 2.45% and a return on equity of 17.60%. As a group, sell-side analysts expect that Inchcape plc will post 85.9639233 EPS for the current fiscal year.
Insiders Place Their Bets
In related news, insider Adrian Lewis purchased 150 shares of the firm's stock in a transaction dated Monday, June 16th. The shares were purchased at an average cost of GBX 684 ($9.08) per share, for a total transaction of £1,026 ($1,361.83). Also, insider Byron Elmer Grote acquired 5,000 shares of the business's stock in a transaction dated Tuesday, July 29th. The stock was purchased at an average price of GBX 725 ($9.62) per share, with a total value of £36,250 ($48,115.21). 14.84% of the stock is owned by corporate insiders.
Inchcape Company Profile
(
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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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