Inchcape plc (LON:INCH) Given Average Rating of “Moderate Buy” by Analysts

Shares of Inchcape plc (LON:INCH) have earned a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is GBX 1,060.

Several research firms have recently commented on INCH. Citigroup increased their price target on shares of Inchcape from GBX 1,115 to GBX 1,330 and gave the company a “buy” rating in a research report on Thursday, March 5th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,050 price target on shares of Inchcape in a research report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Inchcape from GBX 800 to GBX 830 and gave the company a “buy” rating in a research report on Wednesday, March 4th. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 1,170 price target on shares of Inchcape in a research report on Thursday, April 30th.

Inchcape Stock Performance

Shares of INCH opened at GBX 829.77 on Monday. The company has a current ratio of 1.07, a quick ratio of 0.51 and a debt-to-equity ratio of 100.56. The firm’s 50-day moving average is GBX 802.84 and its two-hundred day moving average is GBX 795.75. Inchcape has a twelve month low of GBX 640.50 and a twelve month high of GBX 895. The firm has a market capitalization of £2.94 billion, a P/E ratio of 11.59, a PEG ratio of 2.06 and a beta of 0.97.

Inchcape (LON:INCH) last issued its earnings results on Tuesday, March 3rd. The company reported GBX 80.80 earnings per share for the quarter. Inchcape had a net margin of 2.99% and a return on equity of 23.83%. On average, research analysts predict that Inchcape will post 85.9639233 earnings per share for the current fiscal year.

Inchcape declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, March 3rd that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

Insider Activity

In related news, insider Adrian Lewis sold 45,674 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of GBX 830, for a total transaction of £379,094.20. Insiders own 9.43% of the company’s stock.

Inchcape Company Profile

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. Our distribution platform connects the products of mobility company partners with customers, and our responsibilities span product planning and pricing, import and logistics, brand and marketing to operating digital sales, managing physical sales and aftermarket service channels.