Berenberg Bank Reiterates “Buy” Rating for Inchcape (LON:INCH)

Inchcape (LON:INCHGet Free Report)‘s stock had its “buy” rating reiterated by investment analysts at Berenberg Bank in a note issued to investors on Thursday, MarketBeat Ratings reports. They presently have a GBX 1,120 ($15.37) target price on the stock. Berenberg Bank’s target price indicates a potential upside of 54.48% from the stock’s current price.

Separately, Citigroup decreased their target price on shares of Inchcape from GBX 1,194 ($16.39) to GBX 1,163 ($15.96) and set a “buy” rating for the company in a research report on Tuesday, April 29th.

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Inchcape Stock Performance

Shares of INCH opened at GBX 725 ($9.95) on Thursday. The company’s 50 day moving average price is GBX 682.36 and its 200 day moving average price is GBX 698.98. The company has a debt-to-equity ratio of 206.10, a quick ratio of 0.51 and a current ratio of 1.10. Inchcape has a 52 week low of GBX 575 ($7.89) and a 52 week high of GBX 874 ($11.99). The company has a market capitalization of £2.85 billion, a PE ratio of 11.58, a PEG ratio of 2.06 and a beta of 1.19.

Insider Activity at Inchcape

In other Inchcape news, insider Adrian Lewis acquired 150 shares of Inchcape stock in a transaction dated Monday, June 16th. The stock was bought at an average cost of GBX 684 ($9.39) per share, with a total value of £1,026 ($1,407.99). 14.84% of the stock is currently owned by company insiders.

About Inchcape

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Inchcape is the leading global automotive distributor, with operations across six continents. By combining our in-market expertise with our unique technology and advanced data analytics, we create innovative customer experiences that deliver outstanding performance for our partners – building stronger automotive brands and creating sustainable growth.

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