Inchcape (LON:INCH) Price Target Raised to GBX 1,115

Inchcape (LON:INCH) had its price objective lifted by Citigroup from GBX 1,101 to GBX 1,115 in a report issued on Monday morning, Marketbeat.com reports. The firm currently has a buy rating on the stock.

Other analysts have also issued reports about the stock. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a GBX 800 target price on shares of Inchcape in a research note on Wednesday, July 30th. Berenberg Bank reiterated a “buy” rating and set a GBX 1,120 price objective on shares of Inchcape in a research report on Tuesday, September 2nd. UBS Group reissued a “buy” rating and set a GBX 920 price objective on shares of Inchcape in a research note on Friday, October 17th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Inchcape in a research report on Thursday, October 16th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Inchcape presently has an average rating of “Moderate Buy” and an average target price of GBX 988.75.

Inchcape Price Performance

Shares of INCH opened at GBX 742.50 on Monday. The company has a market cap of £2.72 billion, a P/E ratio of 7.07, a PEG ratio of 2.06 and a beta of 1.19. The stock has a fifty day moving average price of GBX 685.45 and a 200 day moving average price of GBX 695.58. The company has a debt-to-equity ratio of 206.10, a current ratio of 1.10 and a quick ratio of 0.51. Inchcape has a 12 month low of GBX 575 and a 12 month high of GBX 819.

Inchcape (LON:INCH) last announced its quarterly earnings results on Tuesday, July 29th. The company reported GBX 35.50 EPS for the quarter. Inchcape had a net margin of 2.45% and a return on equity of 17.60%. On average, research analysts forecast that Inchcape will post 85.9639233 earnings per share for the current year.

Insider Activity at Inchcape

In related news, insider Stuart Rowley acquired 3,000 shares of the stock in a transaction on Friday, August 1st. The stock was purchased at an average price of GBX 929 per share, for a total transaction of £27,870. Also, insider Adrian Lewis sold 24,883 shares of the business’s stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of GBX 666, for a total transaction of £165,720.78. Insiders bought 15,718 shares of company stock valued at $11,565,470 in the last ninety days. Insiders own 9.26% 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.