Inchcape plc (LON:INCH - Get Free Report) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 815.34 and traded as high as GBX 833.50. Inchcape shares last traded at GBX 820.50, with a volume of 374,735 shares changing hands.
Analysts Set New Price Targets
INCH has been the topic of several research analyst reports. Citigroup increased their price target on shares of Inchcape from GBX 1,274 to GBX 1,277 and gave the company a "buy" rating in a report on Wednesday, July 29th. Jefferies Financial Group reaffirmed a "buy" rating and issued a GBX 1,050 target price on shares of Inchcape in a research report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft increased their target price on Inchcape from GBX 830 to GBX 870 and gave the stock a "hold" rating in a research note on Wednesday, July 29th. Finally, Berenberg Bank reissued a "buy" rating and set a GBX 1,170 price target on shares of Inchcape in a report on Tuesday, July 28th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of GBX 1,057.40.
Check Out Our Latest Research Report on INCH
Inchcape Stock Performance
The company has a current ratio of 1.03, a quick ratio of 0.51 and a debt-to-equity ratio of 125.11. The company has a market cap of £2.86 billion, a P/E ratio of 12.94, a price-to-earnings-growth ratio of 2.06 and a beta of 0.98. The company has a 50 day moving average price of GBX 808.27 and a 200-day moving average price of GBX 815.34.
Inchcape (LON:INCH - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The company reported GBX 35.50 earnings per share for the quarter. Inchcape had a return on equity of 19.59% and a net margin of 2.44%. On average, equities analysts expect that Inchcape plc will post 85.9639233 earnings per share for the current fiscal year.
Inchcape announced that its board has authorized a share repurchase plan on Tuesday, July 28th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company's management believes its stock is undervalued.
Insider Activity
In related news, insider Tracy Clarke purchased 3,029 shares of the firm's stock in a transaction that occurred on Tuesday, July 28th. The shares were bought at an average cost of GBX 819 per share, with a total value of £24,807.51. Company insiders own 13.45% of the company's stock.
About Inchcape
(
Get Free Report)
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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