Inchcape plc (INCH) Given Consensus Rating of “Buy” by Analysts
Inchcape plc (LON:INCH) has received an average rating of “Buy” from the nine research firms that are currently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is GBX 875.33 ($11.43).
INCH has been the topic of several recent research reports. BNP Paribas upgraded Inchcape plc to an “outperform” rating and raised their price target for the stock from GBX 735 ($9.60) to GBX 1,050 ($13.71) in a research report on Monday, March 27th. HSBC Holdings plc restated a “buy” rating and set a GBX 940 ($12.27) price target on shares of Inchcape plc in a research report on Monday, April 24th. Finally, Deutsche Bank AG raised their price target on Inchcape plc from GBX 860 ($11.23) to GBX 920 ($12.01) and gave the stock a “buy” rating in a research report on Monday, May 15th.
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In other news, insider Nigel Stein bought 192 shares of the stock in a transaction dated Thursday, June 1st. The stock was bought at an average price of GBX 819 ($10.69) per share, for a total transaction of £1,572.48 ($2,053.38). Also, insider Stefan Bomhard sold 34,579 shares of the firm’s stock in a transaction that occurred on Wednesday, June 21st. The shares were sold at an average price of GBX 777 ($10.15), for a total value of £268,678.83 ($350,847.26).
Inchcape plc (INCH) opened at 768.50 on Tuesday. The firm’s market capitalization is GBX 3.23 billion. Inchcape plc has a 1-year low of GBX 587.00 and a 1-year high of GBX 861.00. The company has a 50 day moving average price of GBX 809.41 and a 200-day moving average price of GBX 775.74.
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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