Inchcape's (INCH) Buy Rating Reiterated at UBS Group

Key Points

• UBS Group has reiterated its "buy" rating for Inchcape with a price target of GBX 920, indicating a potential upside of 33.33% from the current stock price.
• Other brokerages have varying ratings, with Citigroup lowering its target to GBX 1,101 while Deutsche Bank maintains a "hold" rating at GBX 800.
• Inchcape's stock recently opened at GBX 690, showing a 1.5% decline, and has a market capitalization of £2.52 billion.

Inchcape (LON:INCH - Get Free Report)'s stock had its "buy" rating reiterated by UBS Group in a research report issued on Friday,Digital Look reports. They presently have a GBX 920 target price on the stock. UBS Group's price target would indicate a potential upside of 33.33% from the company's previous close.

A number of other brokerages have also recently commented on INCH. Citigroup dropped their price target on shares of Inchcape from GBX 1,161 to GBX 1,101 and set a "buy" rating on the stock in a research note on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a GBX 800 target price on shares of Inchcape in a report on Wednesday, July 30th. JPMorgan Chase & Co. reaffirmed a "neutral" rating on shares of Inchcape in a report on Thursday. Finally, Berenberg Bank reaffirmed a "buy" rating and set a GBX 1,120 target price on shares of Inchcape in a report on Tuesday, September 2nd. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Inchcape currently has a consensus rating of "Moderate Buy" and an average price target of GBX 985.25.

Inchcape Stock Down 1.5%

INCH opened at GBX 690 on Friday. The stock has a market cap of £2.52 billion, a price-to-earnings ratio of 657.14, a PEG 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 company's 50-day moving average price is GBX 680.18 and its two-hundred day moving average price is GBX 694.27. Inchcape has a twelve month low of GBX 575 and a twelve month high of GBX 819.

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

Insider Transactions at Inchcape

In other news, insider Adrian Lewis sold 24,883 shares of the company's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of GBX 666, for a total value of £165,720.78. Also, insider Stuart Rowley acquired 3,000 shares of the business's stock in a transaction dated Friday, August 1st. The stock was acquired at an average cost of GBX 929 per share, with a total value of £27,870. Insiders have purchased 15,718 shares of company stock valued at $11,565,470 in the last quarter. Insiders own 9.26% of the company's stock.

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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