Inchcape (LON:INCH) Shares Pass Above Two Hundred Day Moving Average of $686.63

Inchcape plc (LON:INCH)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 686.63 ($8.62) and traded as high as GBX 768 ($9.65). Inchcape shares last traded at GBX 763 ($9.58), with a volume of 230,595 shares traded.

Analyst Upgrades and Downgrades

INCH has been the topic of several research reports. Berenberg Bank reissued a “buy” rating and issued a GBX 1,040 ($13.06) price target on shares of Inchcape in a research report on Thursday, April 25th. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 1,050 ($13.19) target price on shares of Inchcape in a report on Thursday, April 4th.

Inchcape Stock Performance

The stock has a market capitalization of £3.14 billion, a P/E ratio of 1,173.85, a PEG ratio of 2.06 and a beta of 1.22. The company has a quick ratio of 0.51, a current ratio of 1.06 and a debt-to-equity ratio of 222.65. The company has a 50-day moving average price of GBX 704.02 and a two-hundred day moving average price of GBX 686.63.

Inchcape Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, June 17th. Shareholders of record on Thursday, May 2nd will be paid a GBX 24.30 ($0.31) dividend. The ex-dividend date is Thursday, May 2nd. This is a boost from Inchcape’s previous dividend of $9.60. This represents a yield of 3.57%. Inchcape’s dividend payout ratio is currently 5,230.77%.

Insider Activity at Inchcape

In other Inchcape news, insider Duncan Tait purchased 9,590 shares of the stock in a transaction on Tuesday, March 5th. The shares were purchased at an average price of GBX 622 ($7.81) per share, with a total value of £59,649.80 ($74,927.52). In related news, insider Duncan Tait purchased 9,590 shares of the business’s stock in a transaction on Tuesday, March 5th. The stock was acquired at an average price of GBX 622 ($7.81) per share, with a total value of £59,649.80 ($74,927.52). Also, insider Byron Elmer Grote acquired 7,000 shares of the stock in a transaction dated Tuesday, March 12th. The shares were bought at an average price of GBX 637 ($8.00) per share, for a total transaction of £44,590 ($56,010.55). 11.45% of the stock is owned by corporate insiders.

Inchcape Company Profile

Inchcape plc operates as an automotive distributor and retailer. It engages in the distribution, sales, and marketing of new and used cars, and parts. The company also provides aftersales service and body shop repairs; and finance and insurance products and services. It operates in the Asia Pacific, the United Kingdom, rest of Europe, the Americas, and Africa.