Inchcape (LON:INCH - Get Free Report) had its target price hoisted by analysts at Citigroup from GBX 1,113 ($14.33) to GBX 1,194 ($15.37) in a report issued on Thursday, MarketBeat Ratings reports. The firm presently has a "buy" rating on the stock. Citigroup's price objective points to a potential upside of 67.46% from the stock's previous close.
Separately, JPMorgan Chase & Co. cut Inchcape to a "neutral" rating in a research report on Thursday, January 23rd.
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Inchcape Price Performance
Shares of INCH traded down GBX 8 ($0.10) during trading hours on Thursday, hitting GBX 713 ($9.18). 480,216,406 shares of the company were exchanged, compared to its average volume of 11,898,046. The company has a debt-to-equity ratio of 206.10, a current ratio of 1.10 and a quick ratio of 0.51. The company has a market capitalization of £2.80 billion, a PE ratio of 11.39, a PEG ratio of 2.06 and a beta of 1.19. The firm has a fifty day simple moving average of GBX 700.28 and a 200-day simple moving average of GBX 754.39. Inchcape has a one year low of GBX 624 ($8.03) and a one year high of GBX 874 ($11.25).
Inchcape (LON:INCH - Get Free Report) last posted its quarterly earnings data on Tuesday, March 4th. The company reported GBX 71.30 ($0.92) earnings per share (EPS) for the quarter. Inchcape had a return on equity of 17.60% and a net margin of 2.45%. As a group, sell-side analysts predict that Inchcape will post 85.9639233 earnings per share for the current year.
Insider Buying and Selling at Inchcape
In other news, insider Duncan Tait purchased 6,948 shares of the business's stock in a transaction dated Tuesday, March 4th. The stock was bought at an average cost of GBX 716 ($9.22) per share, with a total value of £49,747.68 ($64,050.06). Company insiders own 14.84% of the company's stock.
About Inchcape
(
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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.
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