Inchcape (LON:INCH) Stock Price Crosses Above Two Hundred Day Moving Average - What's Next?

Key Points

• Technical breakout: Inchcape crossed above its 200‑day moving average (200‑day MA GBX 786.17) and traded as high as GBX 811.80 on Monday with about 933,348 shares changing hands.
• Analyst upgrades and targets: Deutsche Bank raised its target to GBX 830 and Citigroup to GBX 1,330 (both "buy"), leaving a MarketBeat consensus rating of "Moderate Buy" and a consensus price target of GBX 1,050.
• Fundamentals and corporate actions: Inchcape has a market cap of £2.89bn, a P/E of 11.34 and ROE of 23.8%, reported GBX 80.80 EPS last quarter, and announced a board share‑repurchase plan (the release lists 0 shares authorized); insiders own 9.43%.

Inchcape plc (LON:INCH - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 786.17 and traded as high as GBX 811.80. Inchcape shares last traded at GBX 811.80, with a volume of 933,348 shares trading hands.

Analyst Ratings Changes

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

Inchcape Stock Up 1.1%

The business's fifty day moving average price is GBX 812.09 and its 200 day moving average price is GBX 786.17. The company has a quick ratio of 0.51, a current ratio of 1.07 and a debt-to-equity ratio of 100.56. The firm has a market capitalization of £2.89 billion, a PE ratio of 11.34, a PEG ratio of 2.06 and a beta of 0.95.

Inchcape (LON:INCH - Get Free Report) last announced 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, equities research analysts forecast that Inchcape plc will post 85.9639233 earnings per share for the current fiscal year.

Inchcape announced that its Board of Directors has approved a share repurchase plan on Tuesday, March 3rd that allows the company to repurchase 0 shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company's board believes its shares are undervalued.

Insider Activity at Inchcape

In other news, insider Adrian Lewis sold 398 shares of the company's stock in a transaction dated Thursday, April 9th. The shares were sold at an average price of GBX 789, for a total value of £3,140.22. Insiders own 9.43% of the company's stock.

About Inchcape

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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