Inchcape plc’s (INCH) Buy Rating Reaffirmed at Deutsche Bank AG
Inchcape plc (LON:INCH)‘s stock had its “buy” rating reaffirmed by equities research analysts at Deutsche Bank AG in a note issued to investors on Friday. They currently have a GBX 935 ($12.08) target price on the stock. Deutsche Bank AG’s target price indicates a potential upside of 12.38% from the company’s current price.
Separately, HSBC Holdings plc reiterated a “buy” rating and issued a GBX 1,030 ($13.30) target price on shares of Inchcape plc in a research note on Wednesday, June 7th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Inchcape plc currently has an average rating of “Buy” and an average target price of GBX 876.44 ($11.32).
Inchcape plc (LON:INCH) traded down 0.78% on Friday, hitting GBX 832.00. 570,053 shares of the company were exchanged. Inchcape plc has a 52 week low of GBX 587.00 and a 52 week high of GBX 861.00. The company’s market capitalization is GBX 3.48 billion. The stock has a 50 day moving average of GBX 828.61 and a 200 day moving average of GBX 813.12.
Inchcape plc (LON:INCH) last released its earnings results on Thursday, July 27th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. Inchcape plc had a return on equity of 20.68% and a net margin of 3.19%. Analysts predict that Inchcape plc will post $64.31 EPS for the current fiscal year.
In related news, insider Stefan Bomhard sold 34,579 shares of the firm’s stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of GBX 777 ($10.03), for a total transaction of £268,678.83 ($346,995.78). Also, insider Coline McConville acquired 242 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The shares were bought at an average cost of GBX 813 ($10.50) per share, for a total transaction of £1,967.46 ($2,540.95).
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.
Receive News & Ratings for Inchcape plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Inchcape plc and related companies with MarketBeat.com's FREE daily email newsletter.