Inchcape plc operates as an automotive distributor and retailer. The company engages in the distribution, sales, and marketing of new and used cars, and parts. It also provides aftersales service and body shop repairs; and finance and insurance products and services. The company operates in the Asia Pacific, the United Kingdom, rest of Europe, the Americas, and Africa. Inchcape plc was founded in 1847 and is headquartered in London, the United Kingdom.
Analysts Set New Price Targets
Several brokerages have recently issued reports on INCH. Barclays reiterated an "overweight" rating and set a GBX 910 ($11.00) price target on shares of Inchcape in a report on Monday, July 4th. JPMorgan Chase & Co. reissued an "overweight" rating and issued a GBX 920 ($11.12) price objective on shares of Inchcape in a research note on Tuesday, June 28th.
Inchcape Stock Performance
Shares of INCH opened at GBX 812.50 ($9.82) on Friday. The company has a current ratio of 1.11, a quick ratio of 0.51 and a debt-to-equity ratio of 151.58. The stock has a market capitalization of £3.04 billion and a P/E ratio of 1,233.33. The firm's fifty day simple moving average is GBX 759.13 and its two-hundred day simple moving average is GBX 735.69. Inchcape has a 12 month low of GBX 615 ($7.43) and a 12 month high of GBX 940.50 ($11.36).
Inchcape Cuts Dividend
The business also recently disclosed a dividend, which will be paid on Friday, September 2nd. Stockholders of record on Thursday, August 4th will be issued a dividend of GBX 7.50 ($0.09) per share. The ex-dividend date is Thursday, August 4th. This represents a dividend yield of 0.9%. Inchcape's dividend payout ratio is currently 34.09%.
Insider Activity
In related news, insider John Langston acquired 284 shares of the company's stock in a transaction dated Monday, August 1st. The shares were purchased at an average price of GBX 720 ($8.70) per share, for a total transaction of £2,044.80 ($2,470.76).