Inchcape Rating Reiterated by Beaufort Securities (INCH)
Inchcape (LON:INCH)‘s stock had its “hold” rating restated by equities research analysts at Beaufort Securities in a research note issued to investors on Friday, AnalystRatings.Net reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Inchcape in a research note to investors on Thursday. They now have a GBX 690 ($11.16) price target on the stock. Separately, analysts at Nomura reiterated a “neutral” rating on shares of Inchcape in a research note to investors on Friday, October 18th. They now have a GBX 600 ($9.70) price target on the stock. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of GBX 634.17 ($10.25).
Inchcape (LON:INCH) traded down 0.62% on Friday, hitting GBX 640.50. The stock had a trading volume of 832,398 shares. Inchcape has a 1-year low of GBX 382.30 and a 1-year high of GBX 655.50. The stock has a 50-day moving average of GBX 612.4 and a 200-day moving average of GBX 560.8. The company’s market cap is £2.977 billion.
Inchcape plc is an automotive retailer and distributor. As December 31, 2011, the Company operated in 26 markets, of which it operated as distributor in 22 of these, with retail only operations in the United Kingdom, Poland, Russia and China.
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