Inchcape plc (LON:INCH) declared a dividend on Thursday, July 28th. Stockholders of record on Thursday, August 4th will be given a dividend of GBX 7 ($0.09) per share on Wednesday, September 7th. This represents a dividend yield of 1.05%. The ex-dividend date is Thursday, August 4th. The official announcement can be seen at this link.
In related news, insider Northridge,Nigel bought 315 shares of the company’s stock in a transaction on Wednesday, June 1st. The shares were acquired at an average cost of GBX 675 ($8.95) per share, for a total transaction of £2,126.25 ($2,819.59).
Several equities analysts have recently issued reports on INCH shares. Citigroup Inc. reiterated a “neutral” rating on shares of Inchcape plc in a report on Friday, May 27th. Deutsche Bank AG upgraded shares of Inchcape plc to a “buy” rating and lifted their target price for the company from GBX 825 ($10.94) to GBX 835 ($11.07) in a report on Monday, July 4th. JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 890 ($11.80) target price on shares of Inchcape plc in a report on Wednesday, April 13th. BNP Paribas restated an “outperform” rating and issued a GBX 710 ($9.42) price objective on shares of Inchcape plc in a report on Monday, June 27th. Finally, HSBC restated a “buy” rating and issued a GBX 920 ($12.20) price objective on shares of Inchcape plc in a report on Tuesday, April 26th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Inchcape plc has a consensus rating of “Buy” and an average price target of GBX 801.88 ($10.63).
Inchcape plc is a United Kingdom-based automotive distributor and retailer. The Company operates in approximately 26 markets. The Company operates in six geographic segments: Australasia, Europe, North Asia, South Asia, the United Kingdom and Emerging Markets. The Company’s operating businesses are categorized into approximately two market channels, such as distribution and retail.
