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

Inchcape plc (LON:INCH - Get Free Report)'s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 695.25 ($9.30) and traded as high as GBX 736.50 ($9.85). Inchcape shares last traded at GBX 732 ($9.79), with a volume of 424,704 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms recently commented on INCH. Citigroup increased their price target on Inchcape from GBX 1,101 to GBX 1,115 and gave the company a "buy" rating in a report on Monday. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a GBX 800 target price on shares of Inchcape in a research note on Wednesday, July 30th. JPMorgan Chase & Co. reissued a "neutral" rating on shares of Inchcape in a research note on Thursday, October 16th. Berenberg Bank reissued a "buy" rating and set a GBX 1,120 target price on shares of Inchcape in a research note on Tuesday, September 2nd. Finally, UBS Group reaffirmed a "buy" rating and issued a GBX 920 price objective on shares of Inchcape in a research note on Friday, October 17th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of GBX 988.75.

Inchcape Price Performance

The company has a debt-to-equity ratio of 206.10, a current ratio of 1.10 and a quick ratio of 0.51. The stock has a 50 day moving average price of GBX 683.73 and a two-hundred day moving average price of GBX 695.25. The firm has a market capitalization of £2.68 billion, a price-to-earnings ratio of 6.97, a PEG ratio of 2.06 and a beta of 1.19.

Inchcape (LON:INCH - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The company reported GBX 35.50 earnings per share for the quarter. Inchcape had a return on equity of 17.60% and a net margin of 2.45%. As a group, analysts expect that Inchcape plc will post 85.9639233 EPS for the current year.

Insider Buying and Selling

In related news, insider Adrian Lewis sold 24,883 shares of the business's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of GBX 666, for a total transaction of £165,720.78. Also, insider Byron Elmer Grote bought 5,000 shares of the stock in a transaction that occurred on Tuesday, July 29th. The shares were bought at an average cost of GBX 725 per share, with a total value of £36,250. Insiders purchased 15,718 shares of company stock valued at $11,565,470 in the last three months. 9.26% of the stock is owned by corporate insiders.

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.

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