Inchcape plc (LON:INCH) Insider Buys £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 bought 3,500 shares of the business's stock in a transaction dated Tuesday, August 5th. The shares were purchased at an average price of GBX 671 ($9.02) per share, for a total transaction of £23,485 ($31,574.35).

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

• On Tuesday, July 29th, Byron Elmer Grote purchased 5,000 shares of Inchcape stock. The shares were bought at an average cost of GBX 725 ($9.75) per share, for a total transaction of £36,250 ($48,736.22).

Inchcape Trading Up 1.4%

Shares of INCH stock traded up GBX 8.97 ($0.12) on Monday, reaching GBX 661.50 ($8.89). 334,237 shares of the stock were exchanged, compared to its average volume of 1,297,612. The stock has a market cap of £2.60 billion, a P/E ratio of 10.57, a price-to-earnings-growth 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 firm has a 50 day moving average of GBX 723.12 and a two-hundred day moving average of GBX 695.77. Inchcape plc has a 1-year low of GBX 575 ($7.73) and a 1-year high of GBX 862 ($11.59).

Inchcape (LON:INCH - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The company reported GBX 35.50 ($0.48) EPS for the quarter. Inchcape had a return on equity of 17.60% and a net margin of 2.45%. On average, research analysts anticipate that Inchcape plc will post 85.9639233 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a GBX 800 ($10.76) price target on shares of Inchcape in a report on Wednesday, July 30th. Citigroup decreased their price target on Inchcape from GBX 1,161 ($15.61) to GBX 1,101 ($14.80) and set a "buy" rating on the stock in a research note on Wednesday, July 30th. Berenberg Bank restated a "buy" rating and set a GBX 1,120 ($15.06) price objective on shares of Inchcape in a research report on Tuesday, July 29th. Finally, JPMorgan Chase & Co. restated a "neutral" rating on shares of Inchcape in a research report on Thursday, July 31st.

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.