Inchcape (LON:INCH) Trading Down 11.7% - Time to Sell?

Key Points

• Inchcape plc experienced a significant stock decline of 11.7%, trading at GBX 706.50 ($9.44), well below its previous close of GBX 800 ($10.68).
• Analysts have mixed views on the stock, with Citigroup maintaining a "buy" rating but lowering its price objective, while Berenberg Bank reaffirmed a "buy" rating with a target of GBX 1,120 ($14.96).
• The company reported GBX 35.50 ($0.47) EPS for the last quarter, with analysts forecasting an average annual EPS of approximately 85.96.

Inchcape plc (LON:INCH - Get Free Report) fell 11.7% during trading on Tuesday . The company traded as low as GBX 706.50 ($9.38) and last traded at GBX 706.50 ($9.38). 1,858,581 shares changed hands during mid-day trading, an increase of 40% from the average session volume of 1,330,989 shares. The stock had previously closed at GBX 800 ($10.62).

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Citigroup cut their target price on Inchcape from GBX 1,161 ($15.41) to GBX 1,101 ($14.61) and set a "buy" rating on the stock in a research report on Wednesday. Berenberg Bank reiterated a "buy" rating and issued a GBX 1,120 ($14.87) price target on shares of Inchcape in a report on Tuesday. JPMorgan Chase & Co. restated a "neutral" rating on shares of Inchcape in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a GBX 800 ($10.62) price target on shares of Inchcape in a research report on Wednesday.

Inchcape Stock Down 2.3%

The firm has a market capitalization of £2.70 billion, a PE ratio of 10.96, a P/E/G ratio of 2.06 and a beta of 1.19. The company has a quick ratio of 0.51, a current ratio of 1.10 and a debt-to-equity ratio of 206.10. The stock has a 50-day simple moving average of GBX 725.29 and a 200-day simple moving average of GBX 698.92.

Inchcape (LON:INCH - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The company reported GBX 35.50 ($0.47) earnings per share for the quarter. Inchcape had a return on equity of 17.60% and a net margin of 2.45%. Analysts forecast that Inchcape plc will post 85.9639233 EPS for the current year.

Insider Buying and Selling at Inchcape

In other Inchcape news, insider Byron Elmer Grote acquired 5,000 shares of the company's stock in a transaction that occurred on Tuesday, July 29th. The stock was bought at an average price of GBX 725 ($9.62) per share, with a total value of £36,250 ($48,115.21). Also, insider Adrian Lewis acquired 150 shares of the company's stock in a transaction that occurred on Monday, June 16th. The shares were acquired at an average cost of GBX 684 ($9.08) per share, with a total value of £1,026 ($1,361.83). 14.84% of the stock is currently owned by company 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.