Inchcape plc (LON:INCH) Insider Stuart Rowley Purchases 3,000 Shares

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 business's stock in a transaction on Friday, August 1st. The stock was bought at an average price of GBX 929 ($12.49) per share, for a total transaction of £27,870 ($37,484.87).

Inchcape Stock Up 0.4%

Shares of LON INCH traded up GBX 2.53 ($0.03) during midday trading on Friday, hitting GBX 652.53 ($8.78). 608,872 shares of the company's stock were exchanged, compared to its average volume of 1,303,909. 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 twelve month low of GBX 575 ($7.73) and a twelve month high of GBX 862 ($11.59). The company has a market cap of £2.56 billion, a PE ratio of 10.43, a P/E/G ratio of 2.06 and a beta of 1.19. The firm's fifty day simple moving average is GBX 723.12 and its 200-day simple moving average is GBX 695.86.

Inchcape (LON:INCH - Get Free Report) last issued 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%. Research analysts predict that Inchcape plc will post 85.9639233 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently commented on INCH. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a GBX 800 ($10.76) target price on shares of Inchcape in a research report on Wednesday, July 30th. JPMorgan Chase & Co. reiterated a "neutral" rating on shares of Inchcape in a report on Thursday, July 31st. Berenberg Bank reissued a "buy" rating and set a GBX 1,120 ($15.06) target price on shares of Inchcape in a research note on Tuesday, July 29th. Finally, Citigroup reduced their price target on Inchcape from GBX 1,161 ($15.62) to GBX 1,101 ($14.81) and set a "buy" rating on the stock in a research report on Wednesday, July 30th.

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.