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Inchcape plc (LON:INCH)‘s stock had its “buy” rating reaffirmed by analysts at Deutsche Bank in a research report issued to clients and investors on Thursday. They currently have a GBX 700 ($11.89) price target on the stock. Deutsche Bank’s target price indicates a potential upside of 9.29% from the company’s current price.

Inchcape plc (LON:INCH) opened at 640.50 on Thursday. Inchcape plc has a one year low of GBX 556.50 and a one year high of GBX 694.00. The stock’s 50-day moving average is GBX 629.6 and its 200-day moving average is GBX 628.8. The company’s market cap is £2.917 billion.

The company also recently announced a dividend, which is scheduled for Friday, September 5th. Stockholders of record on Wednesday, August 6th will be paid a dividend of GBX 6.30 ($0.11) per share. This represents a dividend yield of 0.98%. The ex-dividend date is Wednesday, August 6th.

Other equities research analysts have also recently issued reports about the stock. Analysts at Nomura upgraded shares of Inchcape plc from a “neutral” rating to a “buy” rating in a research note on Thursday, July 24th. They now have a GBX 730 ($12.40) price target on the stock, up previously from GBX 600 ($10.19). 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 ($12.74) price target on the stock. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Inchcape plc currently has an average rating of “Buy” and an average price target of GBX 694.44 ($11.79).

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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