Inchcape plc (LON:INCH) Receives Average Rating of “Moderate Buy” from Analysts

Inchcape plc (LON:INCH) has been given an average recommendation of “Moderate Buy” by the six brokerages that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is GBX 1,060.

Several research analysts have commented on INCH shares. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,050 target price on shares of Inchcape in a report on Thursday, April 30th. Berenberg Bank restated a “buy” rating and set a GBX 1,170 price target on shares of Inchcape in a report on Tuesday, June 23rd.

Insider Activity at Inchcape

In other news, insider Adrian Lewis sold 45,674 shares of Inchcape stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of GBX 830, for a total transaction of £379,094.20. 13.39% of the stock is currently owned by company insiders.

Inchcape Price Performance

LON INCH opened at GBX 776.62 on Tuesday. The stock’s 50-day moving average price is GBX 810.46 and its two-hundred day moving average price is GBX 808.29. The company has a current ratio of 1.07, a quick ratio of 0.51 and a debt-to-equity ratio of 100.56. The company has a market cap of £2.72 billion, a PE ratio of 10.85, a PEG ratio of 2.06 and a beta of 0.97. Inchcape has a 1 year low of GBX 640.50 and a 1 year high of GBX 895.

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. Our distribution platform connects the products of mobility company partners with customers, and our responsibilities span product planning and pricing, import and logistics, brand and marketing to operating digital sales, managing physical sales and aftermarket service channels.