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

Inchcape plc (LON:INCH) has earned an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is GBX 1,060.

INCH has been the topic of several research reports. Jefferies Financial Group reissued a “buy” rating and issued a GBX 1,050 target price on shares of Inchcape in a report on Thursday, April 30th. Citigroup upped their target price on Inchcape from GBX 1,115 to GBX 1,330 and gave the company a “buy” rating in a report on Thursday, March 5th. Deutsche Bank Aktiengesellschaft upped their target price on Inchcape from GBX 800 to GBX 830 and gave the company a “buy” rating in a report on Wednesday, March 4th. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 1,170 target price on shares of Inchcape in a report on Thursday, April 30th.

Inchcape Price Performance

Inchcape stock opened at GBX 814 on Friday. The business has a 50 day simple moving average of GBX 818.76 and a 200-day simple moving average of GBX 806.20. Inchcape has a 12 month low of GBX 640.50 and a 12 month high of GBX 895. The stock has a market capitalization of £2.87 billion, a PE ratio of 11.37, a price-to-earnings-growth ratio of 2.06 and a beta of 0.97. The company has a debt-to-equity ratio of 100.56, a current ratio of 1.07 and a quick ratio of 0.51.

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

Insider Activity

In related news, insider Adrian Lewis sold 45,674 shares of the stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of GBX 830, for a total transaction of £379,094.20. 13.29% of the stock is owned by corporate insiders.

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.