Inchcape plc Receives Consensus Recommendation of “Buy” from Brokerages (LON:INCH)
Shares of Inchcape plc (LON:INCH) have earned a consensus rating of “Buy” from the ten brokerages that are presently covering the company, Analyst Ratings.Net reports. Four investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is GBX 702.22 ($11.74).
A number of research firms have recently commented on INCH. Analysts at BNP Paribas reiterated an “outperform” rating on shares of Inchcape plc in a research note on Tuesday, August 12th. They now have a GBX 780 ($13.04) price target on the stock. Separately, analysts at HSBC reiterated an “overweight” rating on shares of Inchcape plc in a research note on Wednesday, August 6th. They now have a GBX 770 ($12.87) price target on the stock. Finally, analysts at Nomura reiterated a “buy” rating on shares of Inchcape plc in a research note on Friday, August 1st. They now have a GBX 730 ($12.20) price target on the stock.
Inchcape plc (LON:INCH) traded up 0.69% during mid-day trading on Monday, hitting GBX 657.50. The stock had a trading volume of 81,358 shares. Inchcape plc has a 52 week low of GBX 556.50 and a 52 week high of GBX 694.00. The stock’s 50-day moving average is GBX 639.6 and its 200-day moving average is GBX 629.. The company’s market cap is £2.990 billion.
The company also recently declared a dividend, which is scheduled for Friday, September 5th. Shareholders of record on Wednesday, August 6th will be given a dividend of GBX 6.30 ($0.11) per share. This represents a yield of 0.98%. The ex-dividend date of this dividend is Wednesday, August 6th.
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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