Inchcape plc (LON:INCH) Insider Acquires £23,485 in Stock

Key Points

• Byron Elmer Grote, an insider at Inchcape plc, purchased 3,500 shares of stock at an average cost of GBX 671, amounting to a total investment of £23,485.
• Inchcape plc has a market capitalization of £2.59 billion and reported earnings per share of GBX 35.50 for the last quarter.
• Recent analyst reports have been mixed, with price targets ranging from GBX 800 to GBX 1,120 and recommendations varying from "buy" to "neutral."

Inchcape plc (LON:INCH - Get Free Report) insider Byron Elmer Grote purchased 3,500 shares of Inchcape stock in a transaction on Tuesday, August 5th. The stock was acquired at an average cost of GBX 671 ($8.96) per share, for a total transaction of £23,485 ($31,371.89).

Byron Elmer Grote also recently made the following trade(s):

• On Tuesday, July 29th, Byron Elmer Grote bought 5,000 shares of Inchcape stock. The shares were purchased at an average price of GBX 725 ($9.68) per share, for a total transaction of £36,250 ($48,423.72).

Inchcape Stock Performance

INCH opened at GBX 658.50 ($8.80) on Thursday. Inchcape plc has a 1-year low of GBX 575 ($7.68) and a 1-year high of GBX 862 ($11.51). The company has a market capitalization of £2.59 billion, a price-to-earnings ratio of 10.52, a price-to-earnings-growth ratio of 2.06 and a beta of 1.19. The business has a 50 day moving average price of GBX 724.20 and a two-hundred day moving average price of GBX 697.32. The company has a debt-to-equity ratio of 206.10, a current ratio of 1.10 and a quick ratio of 0.51.

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

Analyst Upgrades and Downgrades

INCH has been the subject of a number of recent analyst reports. Berenberg Bank restated a "buy" rating and issued a GBX 1,120 ($14.96) target price on shares of Inchcape in a report on Tuesday, July 29th. JPMorgan Chase & Co. reiterated a "neutral" rating on shares of Inchcape in a research note on Thursday, July 31st. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a GBX 800 ($10.69) price target on shares of Inchcape in a research note on Wednesday, July 30th. Finally, Citigroup reduced their price objective on shares of Inchcape from GBX 1,161 ($15.51) to GBX 1,101 ($14.71) and set a "buy" rating on the stock in a research note on Wednesday, July 30th.

Inchcape Company Profile

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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