Shares of Inchcape plc (LON:INCH - Get Free Report) were down 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). Approximately 1,858,581 shares changed hands during mid-day trading, an increase of 40% from the average daily volume of 1,330,989 shares. The stock had previously closed at GBX 800 ($10.62).
Analyst Ratings Changes
Several analysts have weighed in on the stock. Citigroup lowered their price target on shares of Inchcape from GBX 1,161 ($15.41) to GBX 1,101 ($14.61) and set a "buy" rating for the company in a research note on Wednesday. JPMorgan Chase & Co. reissued a "neutral" rating on shares of Inchcape in a research note on Thursday. 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. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a GBX 800 ($10.62) target price on shares of Inchcape in a research note on Wednesday.
Get Our Latest Research Report on Inchcape
Inchcape Stock Down 2.3%
The company has a 50 day simple moving average of GBX 725.29 and a two-hundred day simple moving average of GBX 698.92. The firm has a market capitalization of £2.70 billion, a P/E ratio of 10.96, a P/E/G ratio of 2.06 and a beta of 1.19. The company has a current ratio of 1.10, a quick ratio of 0.51 and a debt-to-equity ratio of 206.10.
Inchcape (LON:INCH - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The company reported GBX 35.50 ($0.47) EPS for the quarter. Inchcape had a net margin of 2.45% and a return on equity of 17.60%. On average, equities analysts predict that Inchcape plc will post 85.9639233 EPS for the current fiscal year.
Insider Activity at Inchcape
In related news, insider Byron Elmer Grote acquired 5,000 shares of the business's stock in a transaction dated Tuesday, July 29th. The shares were purchased at an average price of GBX 725 ($9.62) per share, for a total transaction of £36,250 ($48,115.21). Also, insider Adrian Lewis purchased 150 shares of the firm's stock in a transaction on Monday, June 16th. The stock was bought 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 owned by company insiders.
Inchcape Company Profile
(
Get Free Report)
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.
Recommended Stories
Before you consider Inchcape, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Inchcape wasn't on the list.
While Inchcape currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here

We are about to experience the greatest A.I. boom in stock market history...
Thanks to a pivotal economic catalyst, specific tech stocks will skyrocket just like they did during the "dot com" boom in the 1990s.
That’s why, we’ve hand-selected 7 tiny tech disruptor stocks positioned to surge.
- The first pick is a tiny under-the-radar A.I. stock that's trading for just $3.00. This company already has 98 registered patents for cutting-edge voice and sound recognition technology... And has lined up major partnerships with some of the biggest names in the auto, tech, and music industry... plus many more.
- The second pick presents an affordable avenue to bolster EVs and AI development…. Analysts are calling this stock a “buy” right now and predict a high price target of $19.20, substantially more than its current $6 trading price.
- Our final and favorite pick is generating a brand-new kind of AI. It's believed this tech will be bigger than the current well-known leader in this industry… Analysts predict this innovative tech is gearing up to create a tidal wave of new wealth, fueling a $15.7 TRILLION market boom.
Right now, we’re staring down the barrel of a true once-in-a-lifetime moment. As an investment opportunity, this kind of breakthrough doesn't come along every day.
And the window to get in on the ground-floor — maximizing profit potential from this expected market surge — is closing quickly...
Simply enter your email below to get the names and tickers of the 7 small stocks with potential to make investors very, very happy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.