Inchcape plc Given Average Rating of “Buy” by Brokerages (LON:INCH)
Shares of Inchcape plc (LON:INCH) have received a consensus rating of “Buy” from the ten analysts that are covering the company, AR Network reports. Four investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among brokers 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) opened at 674.00 on Monday. Inchcape plc has a 1-year low of GBX 556.50 and a 1-year high of GBX 694.00. The stock has a 50-day moving average of GBX 643.1 and a 200-day moving average of GBX 631.9. The company’s market cap is £3.065 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.
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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