Inchcape plc (INCH) Receives Consensus Recommendation of “Buy” from Analysts
Inchcape plc (LON:INCH) has been given a consensus rating of “Buy” by the nine ratings firms that are presently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is GBX 874.78 ($11.15).
A number of equities research analysts recently weighed in on INCH shares. HSBC Holdings plc upped their target price on shares of Inchcape plc from GBX 865 ($11.02) to GBX 915 ($11.66) and gave the stock a “buy” rating in a report on Friday, February 24th. Liberum Capital upped their target price on shares of Inchcape plc from GBX 680 ($8.66) to GBX 755 ($9.62) and gave the stock a “hold” rating in a report on Wednesday, March 1st. J P Morgan Chase & Co restated an “overweight” rating and issued a GBX 900 ($11.47) target price on shares of Inchcape plc in a report on Thursday, March 2nd. Berenberg Bank upped their target price on shares of Inchcape plc from GBX 760 ($9.68) to GBX 860 ($10.96) and gave the stock a “buy” rating in a report on Friday, March 3rd. Finally, Citigroup Inc. restated a “buy” rating and issued a GBX 870 ($11.08) target price on shares of Inchcape plc in a report on Tuesday, March 7th.
In related news, insider Stefan Bomhard sold 34,579 shares of the company’s stock in a transaction dated Wednesday, June 21st. The shares were sold at an average price of GBX 777 ($9.90), for a total value of £268,678.83 ($342,309.63). Also, insider Till Vestring sold 25,000 shares of the company’s stock in a transaction dated Friday, May 26th. The stock was sold at an average price of GBX 845 ($10.77), for a total transaction of £211,250 ($269,142.57). Insiders sold a total of 93,051 shares of company stock worth $76,075,891 in the last 90 days.
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Inchcape plc (INCH) traded up 0.65% during mid-day trading on Friday, hitting GBX 778.50. The company’s stock had a trading volume of 455,833 shares. Inchcape plc has a 52-week low of GBX 574.00 and a 52-week high of GBX 861.00. The firm has a 50 day moving average of GBX 823.35 and a 200-day moving average of GBX 770.44. The firm’s market cap is GBX 3.27 billion.
Inchcape plc Company Profile
Inchcape plc is a United Kingdom-based automotive distributor and retailer. The Company operates in approximately 30 markets. The Company’s segments include Distribution, Retail and Central. The Distribution segment includes regions, such as Australasia, the United Kingdom and Europe, Asia, and Emerging Markets.
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