Inchcape plc (LON:INCH - Get Free Report)'s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 698.24 ($9.37) and traded as high as GBX 789.50 ($10.60). Inchcape shares last traded at GBX 773.50 ($10.39), with a volume of 618,979 shares traded.
Analysts Set New Price Targets
Several research firms have commented on INCH. Berenberg Bank reissued a "buy" rating and set a GBX 1,120 ($15.04) target price on shares of Inchcape in a research report on Thursday, June 26th. Citigroup dropped their price objective on Inchcape from GBX 1,194 ($16.03) to GBX 1,163 ($15.61) and set a "buy" rating on the stock in a research note on Tuesday, April 29th.
Check Out Our Latest Analysis on INCH
Inchcape Stock Performance
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 firm's 50 day moving average is GBX 701.61 and its 200-day moving average is GBX 697.07. The stock has a market capitalization of £3.04 billion, a price-to-earnings ratio of 12.34, a PEG ratio of 2.06 and a beta of 1.19.
Insider Activity
In other news, insider Adrian Lewis bought 150 shares of the business's stock in a transaction that occurred on Monday, June 16th. The stock was purchased at an average price of GBX 684 ($9.18) per share, with a total value of £1,026 ($1,377.55). 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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