Inchcape plc (LON:INCH - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 698.31 ($9.53) and traded as high as GBX 780.50 ($10.66). Inchcape shares last traded at GBX 777.09 ($10.61), with a volume of 969,699 shares traded.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on INCH. Citigroup decreased their target price on Inchcape from GBX 1,194 ($16.30) to GBX 1,163 ($15.88) and set a "buy" rating for the company in a research report on Tuesday, April 29th. Berenberg Bank reissued a "buy" rating and issued a GBX 1,120 ($15.29) target price on shares of Inchcape in a research report on Thursday, June 26th.
View Our Latest Research Report on INCH
Inchcape Stock Up 2.5%
The stock has a market cap of £3.05 billion, a PE ratio of 12.42, a price-to-earnings-growth 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 company's 50-day moving average price is GBX 688.35 and its 200 day moving average price is GBX 698.31.
Insider Activity at Inchcape
In other Inchcape news, insider Adrian Lewis purchased 150 shares of Inchcape stock in a transaction dated Monday, June 16th. The stock was purchased at an average price of GBX 684 ($9.34) per share, with a total value of £1,026 ($1,400.68). 14.84% of the stock is owned by 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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