Inchcape plc’s Buy Rating Reaffirmed at Deutsche Bank (INCH)
Inchcape plc (LON:INCH)‘s stock had its “buy” rating restated by equities research analysts at Deutsche Bank in a research note issued to investors on Friday. They currently have a GBX 700 ($11.92) target price on the stock, up from their previous target price of GBX 685 ($11.67). Deutsche Bank’s price objective suggests a potential upside of 6.63% from the stock’s previous close.
A number of other analysts have also recently weighed in on INCH. Analysts at Panmure Gordon reiterated a “buy” rating on shares of Inchcape plc in a research note on Friday, May 16th. They now have a GBX 750 ($12.77) price target on the stock. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Inchcape plc presently has a consensus rating of “Buy” and a consensus target price of GBX 673 ($11.46).
Shares of Inchcape plc (LON:INCH) opened at 657.50 on Friday. Inchcape plc has a 1-year low of GBX 501.00 and a 1-year high of GBX 694.00. The stock has a 50-day moving average of GBX 627.0 and a 200-day moving average of GBX 626.1. The company’s market cap is £3.020 billion.
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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