Inchcape plc (LON:INCH) has been assigned an average recommendation of “Buy” from the eight research firms that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is GBX 892.88 ($12.11).
INCH has been the topic of several recent analyst reports. Deutsche Bank raised their price objective on Inchcape from GBX 910 ($12.34) to GBX 920 ($12.48) and gave the company a “buy” rating in a research note on Tuesday, January 2nd. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 920 ($12.48) price objective on shares of Inchcape in a research note on Friday, October 27th.
In other Inchcape news, insider Till Vestring bought 353 shares of the stock in a transaction dated Wednesday, November 1st. The shares were bought at an average cost of GBX 785 ($10.65) per share, for a total transaction of £2,771.05 ($3,757.87).
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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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