Inchcape (LON:INCH) Stock Price Down 8.1% – Should You Sell?

Inchcape plc (LON:INCH) dropped 8.1% during mid-day trading on Thursday . The stock traded as low as GBX 624.50 ($7.80) and last traded at GBX 690.89 ($8.63). Approximately 8,351,929 shares were traded during trading, an increase of 151% from the average daily volume of 3,330,747 shares. The stock had previously closed at GBX 752 ($9.39).

Analysts Set New Price Targets

A number of brokerages recently commented on INCH. Berenberg Bank reissued a “buy” rating and issued a GBX 1,120 ($13.98) price objective on shares of Inchcape in a research note on Friday, October 25th. Citigroup reiterated a “buy” rating on shares of Inchcape in a report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. downgraded shares of Inchcape to a “neutral” rating in a research note on Thursday.

Inchcape Trading Down 0.1 %

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

Insider Activity at Inchcape

In related news, insider Byron Elmer Grote bought 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). 14.84% 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.