Inchcape (LON:INCH) Stock Price Down 13.3% – What’s Next?

Inchcape plc (LON:INCH) fell 13.3% during trading on Thursday . The stock traded as low as GBX 624.50 ($7.80) and last traded at GBX 652 ($8.14). 12,121,266 shares were traded during mid-day trading, an increase of 240% from the average session volume of 3,566,330 shares. The stock had previously closed at GBX 752 ($9.39).

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on INCH shares. Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,120 ($13.98) price objective on shares of Inchcape in a report on Friday, October 25th. Citigroup reiterated a “buy” rating on shares of Inchcape in a research note on Tuesday, January 7th. Finally, JPMorgan Chase & Co. lowered Inchcape to a “neutral” rating in a research note on Thursday.

Inchcape Trading Down 0.1 %

The stock has a market cap of £2.63 billion, a PE ratio of 972.09, a price-to-earnings-growth ratio of 2.06 and a beta of 1.19. The company has a debt-to-equity ratio of 198.14, a quick ratio of 0.51 and a current ratio of 1.10. The company’s 50-day moving average price is GBX 759.18 and its 200 day moving average price is GBX 786.40.

Insider Transactions at Inchcape

In other news, insider Byron Elmer Grote acquired 4,000 shares of the company’s stock in a transaction dated Tuesday, October 29th. The stock was acquired at an average cost of GBX 730 ($9.11) per share, with a total value of £29,200 ($36,458.98). Company insiders own 14.84% of the company’s stock.

About Inchcape

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.