Inchcape plc (INCH) Declares Dividend of GBX 7.90
Inchcape plc (LON:INCH) announced a dividend on Thursday, July 27th, Upcoming.Co.Uk reports. Investors of record on Thursday, August 3rd will be given a dividend of GBX 7.90 ($0.10) per share on Wednesday, September 6th. This represents a yield of 0.96%. The ex-dividend date of this dividend is Thursday, August 3rd. The official announcement can be seen at this link.
Inchcape plc (LON INCH) traded up 2.82% during midday trading on Thursday, reaching GBX 820.00. 1,423,292 shares of the company traded hands. The stock’s 50 day moving average is GBX 775.80 and its 200 day moving average is GBX 789.37. Inchcape plc has a one year low of GBX 587.00 and a one year high of GBX 861.00. The company’s market capitalization is GBX 3.45 billion.
In related news, insider Stefan Bomhard sold 34,579 shares of Inchcape plc stock in a transaction that occurred on Wednesday, June 21st. The stock was sold at an average price of GBX 777 ($10.12), for a total transaction of £268,678.83 ($350,024.53). Also, insider Nigel Stein bought 192 shares of the firm’s stock in a transaction that occurred on Thursday, June 1st. The shares were acquired at an average cost of GBX 819 ($10.67) per share, for a total transaction of £1,572.48 ($2,048.57).
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A number of analysts recently commented on INCH shares. HSBC Holdings plc reaffirmed a “buy” rating and issued a GBX 1,030 ($13.42) price target on shares of Inchcape plc in a research note on Friday, June 30th. Deutsche Bank AG raised their price target on Inchcape plc from GBX 920 ($11.99) to GBX 925 ($12.05) and gave the stock a “buy” rating in a research note on Monday, July 10th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of GBX 875.33 ($11.40).
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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