Inchcape plc (LON:INCH) Receives Average Recommendation of “Moderate Buy” from Analysts

Inchcape plc (LON:INCH) has been given a consensus recommendation of “Moderate Buy” by the six research firms that are presently covering the firm, MarketBeat Ratings reports. One equities research 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 brokers that have issued ratings on the stock in the last year is GBX 1,060.

A number of brokerages have weighed in on INCH. Berenberg Bank reissued a “buy” rating and issued a GBX 1,170 price target on shares of Inchcape in a report on Tuesday, June 23rd. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,050 target price on shares of Inchcape in a report on Thursday, April 30th.

Inchcape Trading Down 0.2%

Shares of INCH stock opened at GBX 776.62 on Tuesday. The stock has a 50-day simple moving average of GBX 810.46 and a 200 day simple moving average of GBX 808.29. The stock has a market capitalization of £2.72 billion, a P/E ratio of 10.85, a P/E/G ratio of 2.06 and a beta of 0.97. Inchcape has a fifty-two week low of GBX 640.50 and a fifty-two week high of GBX 895. The company has a quick ratio of 0.51, a current ratio of 1.07 and a debt-to-equity ratio of 100.56.

Insider Transactions at Inchcape

In other Inchcape news, insider Adrian Lewis sold 45,674 shares of Inchcape stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of GBX 830, for a total value of £379,094.20. Company insiders own 13.39% 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.