Inchcape plc Receives Buy Rating from Deutsche Bank (INCH)
Inchcape plc (LON:INCH)‘s stock had its “buy” rating reiterated by analysts at Deutsche Bank in a research report issued to clients and investors on Friday, American Banking News reports. They currently have a GBX 685 ($11.54) price objective on the stock. Deutsche Bank’s target price suggests a potential upside of 8.56% from the stock’s previous close.
Shares of Inchcape plc (LON:INCH) opened at 607.00 on Friday. Inchcape plc has a one year low of GBX 449.20 and a one year high of GBX 694.00. The stock’s 50-day moving average is GBX 645.9 and its 200-day moving average is GBX 620.7. The company’s market cap is £2.788 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Panmure Gordon reiterated a “buy” rating on shares of Inchcape plc in a research note on Friday. They now have a GBX 750 ($12.63) price target on the stock. Finally, analysts at Numis Securities Ltd reiterated a “hold” rating on shares of Inchcape plc in a research note on Wednesday, March 12th. They now have a GBX 650 ($10.95) price target on the stock. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of GBX 671.50 ($11.31).
Inchcape plc is a global premium automotive distributor and retailer. The Company provides a professional and financed route to market for automotive manufacturers across five continents.
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