Inchcape plc (LON:INCH) Given Average Recommendation of “Buy” by Brokerages
Shares of Inchcape plc (LON:INCH) have been given a consensus recommendation of “Buy” by the nine analysts that are currently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is GBX 875.33 ($11.40).
Several analysts recently commented on the stock. HSBC Holdings plc reiterated a “buy” rating and issued a GBX 940 ($12.24) price target on shares of Inchcape plc in a research report on Monday, April 24th. Deutsche Bank AG upped their price target on shares of Inchcape plc from GBX 860 ($11.20) to GBX 920 ($11.98) and gave the company a “buy” rating in a research report on Monday, May 15th.
In other news, insider Nigel Stein acquired 192 shares of the company’s stock in a transaction on Thursday, June 1st. The shares were bought at an average cost of GBX 819 ($10.67) per share, with a total value of £1,572.48 ($2,047.77). Also, insider Till Vestring sold 25,000 shares of the business’s stock in a transaction on Friday, May 26th. The shares were sold at an average price of GBX 845 ($11.00), for a total transaction of £211,250 ($275,100.92).
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Inchcape plc (INCH) opened at 838.50 on Friday. The firm’s market cap is GBX 3.51 billion. The firm’s 50-day moving average is GBX 789.55 and its 200-day moving average is GBX 798.07. Inchcape plc has a 52 week low of GBX 587.00 and a 52 week high of GBX 861.00.
The firm also recently declared a dividend, which will be paid on Wednesday, September 6th. Investors of record on Thursday, August 3rd will be given a GBX 7.90 ($0.10) dividend. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a yield of 0.96%.
About Inchcape plc
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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