Inchcape plc (LON:INCH) Receives Consensus Rating of “Moderate Buy” from Brokerages

Inchcape plc (LON:INCH) has been assigned an average rating of “Moderate Buy” from the six brokerages that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is GBX 1,057.40.

Several equities research analysts recently weighed in on the stock. Citigroup upped their target price on shares of Inchcape from GBX 1,274 to GBX 1,277 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Inchcape from GBX 830 to GBX 870 and gave the company a “hold” rating in a research report on Wednesday, July 29th. Berenberg Bank restated a “buy” rating and issued a GBX 1,170 price target on shares of Inchcape in a research note on Tuesday, July 28th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 1,050 price objective on shares of Inchcape in a research report on Wednesday, July 29th.

Insider Buying and Selling

In related news, insider Tracy Clarke purchased 3,029 shares of the business’s stock in a transaction on Tuesday, July 28th. The shares were bought at an average price of GBX 819 per share, for a total transaction of £24,807.51. 13.45% of the stock is owned by insiders.

Inchcape Stock Performance

LON INCH opened at GBX 837.50 on Friday. The company has a market cap of £2.92 billion, a P/E ratio of 13.21, a P/E/G ratio of 2.06 and a beta of 0.97. The company has a debt-to-equity ratio of 125.11, a current ratio of 1.03 and a quick ratio of 0.51. The stock has a 50-day moving average of GBX 808.35 and a two-hundred day moving average of GBX 814.13. Inchcape has a 1-year low of GBX 640.50 and a 1-year high of GBX 895.

Inchcape (LON:INCH) last issued its quarterly earnings results on Tuesday, July 28th. The company reported GBX 35.50 earnings per share (EPS) for the quarter. Inchcape had a net margin of 2.44% and a return on equity of 19.59%. As a group, analysts anticipate that Inchcape will post 85.9639233 EPS for the current year.

Inchcape declared that its board has approved a stock buyback program on Tuesday, July 28th that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

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.