Inchcape plc (LON:INCH) Insider Sells £165,720.78 in Stock

Key Points

• Insider Adrian Lewis sold 24,883 shares of Inchcape plc at an average price of GBX 666 ($8.86), totaling approximately £165,720.78 ($220,344.08).
• The company's market capitalization is £2.61 billion and it has reported a quarterly earnings per share of GBX 35.50 ($0.47) with a PE ratio of 10.62.
• Analysts have issued varied ratings and price targets, with Deutsche Bank holding a "hold" rating at GBX 800 and Citigroup reducing their target from GBX 1,161 to GBX 1,101 while maintaining a "buy" rating.

Inchcape plc (LON:INCH - Get Free Report) insider Adrian Lewis sold 24,883 shares of the company's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of GBX 666 ($8.96), for a total value of £165,720.78 ($222,892.78).

Adrian Lewis also recently made the following trade(s):

• On Monday, June 16th, Adrian Lewis purchased 150 shares of Inchcape stock. The shares were bought at an average price of GBX 684 ($9.20) per share, with a total value of £1,026 ($1,379.96).

Inchcape Price Performance

Shares of INCH traded up GBX 2.53 ($0.03) during mid-day trading on Friday, reaching GBX 652.53 ($8.78). 608,872 shares of the stock traded hands, compared to its average volume of 1,303,909. Inchcape plc has a 1 year low of GBX 575 ($7.73) and a 1 year high of GBX 862 ($11.59). The company has a current ratio of 1.10, a quick ratio of 0.51 and a debt-to-equity ratio of 206.10. The company has a market cap of £2.56 billion, a price-to-earnings ratio of 10.43, a price-to-earnings-growth ratio of 2.06 and a beta of 1.19. The firm has a fifty day moving average price of GBX 723.12 and a 200 day moving average price of GBX 695.47.

Inchcape (LON:INCH - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The company reported GBX 35.50 ($0.48) earnings per share for the quarter. Inchcape had a net margin of 2.45% and a return on equity of 17.60%. As a group, equities research analysts predict that Inchcape plc will post 85.9639233 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Berenberg Bank restated a "buy" rating and issued a GBX 1,120 ($15.06) price objective on shares of Inchcape in a report on Tuesday, July 29th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a GBX 800 ($10.76) price objective on shares of Inchcape in a report on Wednesday, July 30th. JPMorgan Chase & Co. restated a "neutral" rating on shares of Inchcape in a report on Thursday, July 31st. Finally, Citigroup decreased their price target on Inchcape from GBX 1,161 ($15.62) to GBX 1,101 ($14.81) and set a "buy" rating for the company in a report on Wednesday, July 30th.

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.