Inchcape plc (LON:INCH) Insider Adrian Lewis Sells 24,883 Shares

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 dated Tuesday, August 5th. The stock was sold at an average price of GBX 666 ($8.86), for a total transaction of £165,720.78 ($220,344.08).

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 ($9.09) per share, for a total transaction of £1,026 ($1,364.18).

Inchcape Stock Performance

Shares of INCH stock opened at GBX 665 ($8.84) on Wednesday. The stock has a market cap of £2.61 billion, a PE ratio of 10.62, a price-to-earnings-growth ratio of 2.06 and a beta of 1.19. The stock has a 50-day moving average of GBX 724.74 and a 200-day moving average of GBX 697.58. 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 plc has a one year low of GBX 575 ($7.65) and a one year high of GBX 862 ($11.46).

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 net margin of 2.45% and a return on equity of 17.60%. As a group, sell-side analysts expect that Inchcape plc will post 85.9639233 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a GBX 800 ($10.64) price target on shares of Inchcape in a research report on Wednesday, July 30th. Citigroup reduced their price target on shares of Inchcape from GBX 1,161 ($15.44) to GBX 1,101 ($14.64) and set a "buy" rating on the stock in a research report on Wednesday, July 30th. Berenberg Bank reiterated a "buy" rating and set a GBX 1,120 ($14.89) price target on shares of Inchcape in a research report on Tuesday, July 29th. Finally, JPMorgan Chase & Co. reissued a "neutral" rating on shares of Inchcape in a 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.