Insider Selling: Inchcape (LON:INCH) Insider Sells 45,674 Shares of Stock

Key Points

• Adrian Lewis, an Inchcape insider, sold 45,674 shares on May 5 at an average price of GBX 830 for a total of £379,094.20, after a smaller sale of 398 shares on April 9 at GBX 789.
• Shares traded down to GBX 825.73 (about -0.5%) with 498,075 shares changing hands; Inchcape has a market cap of £2.93bn, a P/E of 11.53 and a 12‑month range of GBX 640.50–895.
• Analysts are broadly positive with a consensus rating of Moderate Buy and a consensus price target of GBX 1,060, and the board has approved a stock repurchase plan allowing open‑market buybacks.

Inchcape plc (LON:INCH - Get Free Report) insider Adrian Lewis sold 45,674 shares of the firm's stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of GBX 830, for a total transaction of £379,094.20.

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

• On Thursday, April 9th, Adrian Lewis sold 398 shares of Inchcape stock. The stock was sold at an average price of GBX 789, for a total value of £3,140.22.

Inchcape Trading Down 0.5%

Shares of LON:INCH traded down GBX 4.27 on Tuesday, hitting GBX 825.73. 498,075 shares of the company's stock were exchanged, compared to its average volume of 7,338,596. Inchcape plc has a 12 month low of GBX 640.50 and a 12 month high of GBX 895. The stock has a market capitalization of £2.93 billion, a price-to-earnings ratio of 11.53, a price-to-earnings-growth ratio of 2.06 and a beta of 0.95. The business's 50 day simple moving average is GBX 809.41 and its two-hundred day simple moving average is GBX 788.18. The company has a debt-to-equity ratio of 100.56, a current ratio of 1.07 and a quick ratio of 0.51.

Inchcape (LON:INCH - Get Free Report) last released its earnings results on Tuesday, March 3rd. The company reported GBX 80.80 earnings per share for the quarter. Inchcape had a return on equity of 23.83% and a net margin of 2.99%. Analysts anticipate that Inchcape plc will post 85.9639233 EPS for the current fiscal year.

Inchcape declared that its Board of Directors has approved a stock repurchase plan on Tuesday, March 3rd that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company's management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on INCH. Berenberg Bank restated a "buy" rating and set a GBX 1,170 price target on shares of Inchcape in a research note on Thursday, April 30th. Deutsche Bank Aktiengesellschaft raised their price target on Inchcape from GBX 800 to GBX 830 and gave the company a "buy" rating in a research note on Wednesday, March 4th. Jefferies Financial Group reaffirmed a "buy" rating and set a GBX 1,050 price objective on shares of Inchcape in a research report on Thursday, April 30th. Finally, Citigroup raised their price objective on Inchcape from GBX 1,115 to GBX 1,330 and gave the company a "buy" rating in a research report on Thursday, March 5th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, Inchcape presently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 1,060.

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. Our distribution platform connects the products of mobility company partners with customers, and our responsibilities span product planning and pricing, import and logistics, brand and marketing to operating digital sales, managing physical sales and aftermarket service channels.

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