Inchcape plc (INCH) Receives Average Rating of “Buy” from Brokerages
Shares of Inchcape plc (LON:INCH) have earned an average rating of “Buy” from the nine ratings firms that are presently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is GBX 876.44 ($11.79).
INCH has been the topic of a number of research analyst reports. HSBC Holdings plc reissued a “buy” rating and set a GBX 1,030 ($13.85) price objective on shares of Inchcape plc in a report on Friday, July 21st. Deutsche Bank AG boosted their price objective on shares of Inchcape plc from GBX 920 ($12.37) to GBX 925 ($12.44) and gave the company a “buy” rating in a report on Monday, July 10th.
Inchcape plc (LON INCH) opened at 863.00 on Friday. The company’s market capitalization is GBX 3.61 billion. The stock’s 50 day moving average price is GBX 836.42 and its 200 day moving average price is GBX 818.16. Inchcape plc has a 12-month low of GBX 587.00 and a 12-month high of GBX 865.50.
The firm also recently declared a dividend, which was paid on Wednesday, September 6th. Shareholders of record on Thursday, August 3rd were issued a GBX 7.90 ($0.11) dividend. This represents a yield of 0.96%. The ex-dividend date of this dividend was Thursday, August 3rd.
In other Inchcape plc news, insider Coline McConville purchased 242 shares of the stock in a transaction on Tuesday, August 1st. The shares were bought at an average cost of GBX 813 ($10.93) per share, with a total value of £1,967.46 ($2,645.86).
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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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