Inchcape plc (LON:INCH) Insider Purchases £27,870 in Stock

Key Points

• Stuart Rowley, an insider at Inchcape plc, purchased 3,000 shares at an average price of GBX 929 ($12.35) on August 1st, totaling £27,870 ($37,041.47).
• Inchcape's shares traded down 0.7% recently, reaching GBX 667 ($8.86), with a market cap of £2.62 billion.
• Analysts have provided mixed ratings, with estimates for future earnings suggesting a projection of 85.96 earnings per share for the current fiscal year.

Inchcape plc (LON:INCH - Get Free Report) insider Stuart Rowley bought 3,000 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The shares were acquired at an average price of GBX 929 ($12.49) per share, with a total value of £27,870 ($37,479.83).

Inchcape Stock Performance

Shares of LON:INCH traded down GBX 9 ($0.12) during trading on Thursday, hitting GBX 650 ($8.74). The stock had a trading volume of 627,164 shares, compared to its average volume of 1,308,481. Inchcape plc has a 12-month low of GBX 575 ($7.73) and a 12-month high of GBX 862 ($11.59). The stock has a 50-day simple moving average of GBX 723.67 and a two-hundred day simple moving average of GBX 696.64. 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 stock has a market capitalization of £2.55 billion, a price-to-earnings ratio of 10.38, a price-to-earnings-growth ratio of 2.06 and a beta of 1.19.

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

Wall Street Analyst Weigh In

Several brokerages recently commented on INCH. Berenberg Bank reaffirmed 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 reaffirmed a "hold" rating and set a GBX 800 ($10.76) price objective on shares of Inchcape in a report on Wednesday, July 30th. Citigroup decreased their price objective on Inchcape from GBX 1,161 ($15.61) to GBX 1,101 ($14.81) and set a "buy" rating on the stock in a report on Wednesday, July 30th. Finally, JPMorgan Chase & Co. reissued a "neutral" rating on shares of Inchcape in a research 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.