Inchcape (LON:INCH) Stock Price Crosses Above 200 Day Moving Average - Should You Sell?

Key Points

• Inchcape shares crossed above their 200‑day moving average
• Analysts have raised targets and ratings—Citigroup to GBX 1,330 and Deutsche Bank to GBX 830—with a consensus “Moderate Buy” rating and a consensus price target of GBX 1,050 (four Buys, one Hold).
• Fundamentals show a market cap of £2.82bn, a P/E of 7.5 and ROE of 23.83%; the company reported GBX 80.80 EPS for the quarter and disclosed a board‑authorized share buyback program (report states it permits repurchase of 0 shares).

Shares of Inchcape plc (LON:INCH - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 767.38 and traded as high as GBX 790.50. Inchcape shares last traded at GBX 787, with a volume of 269,529 shares changing hands.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Citigroup lifted their price target on shares of Inchcape from GBX 1,115 to GBX 1,330 and gave the stock a "buy" rating in a research note on Thursday, March 5th. Deutsche Bank Aktiengesellschaft upped their price objective on Inchcape from GBX 800 to GBX 830 and gave the stock a "buy" rating in a research note on Wednesday, March 4th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 1,050.

Inchcape Trading Up 0.1%

The stock has a 50 day moving average of GBX 822.80 and a 200-day moving average of GBX 767.38. The company has a market capitalization of £2.82 billion, a P/E ratio of 7.50, a P/E/G ratio of 2.06 and a beta of 0.89. The company has a current ratio of 1.07, a quick ratio of 0.51 and a debt-to-equity ratio of 100.56.

Inchcape (LON:INCH - Get Free Report) last released its earnings results on Tuesday, March 3rd. The company reported GBX 80.80 EPS for the quarter. Inchcape had a net margin of 2.99% and a return on equity of 23.83%. On average, research analysts predict that Inchcape plc will post 85.9639233 EPS for the current year.

Inchcape declared that its Board of Directors has authorized a stock repurchase program on Tuesday, March 3rd that permits the company to repurchase 0 shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company's board believes its stock is undervalued.

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. Our distribution platform connects the products of mobility company partners with customers, and our responsibilities span product planning and pricing, import and logistics, brand and marketing to operating digital sales, managing physical sales and aftermarket service channels.

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