Shares of INCHCAPE PLC/S (OTCMKTS:INCPY) traded up 20.1% during mid-day trading on Tuesday . The company traded as high as $8.02 and last traded at $8.02, 1,500 shares were traded during trading. A decline of 81% from the average session volume of 7,707 shares. The stock had previously closed at $6.68.
Separately, JPMorgan Chase & Co. downgraded INCHCAPE PLC/S from an “overweight” rating to a “neutral” rating and set a $6.00 price objective on the stock. in a research report on Monday, July 8th.
The firm has a 50 day moving average of $6.71 and a 200-day moving average of $7.39.
Inchcape plc operates as an automotive distributor and retailer in the premium and luxury automotive sectors. The company sells and retails new and used cars of various brands. It also provides after sales servicing and parts; and vehicle finance and insurance products and services. The company operates in Asia, Australasia, the United Kingdom, Europe, Africa, South America, and Russia.
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