Citigroup reiterated their buy rating on shares of Inchcape (LON:INCH - Free Report) in a research report sent to investors on Tuesday, Marketbeat Ratings reports.
Separately, Berenberg Bank reiterated a "buy" rating and issued a GBX 1,120 ($13.97) price target on shares of Inchcape in a research report on Friday, October 25th.
Check Out Our Latest Analysis on INCH
Inchcape Price Performance
LON INCH traded down GBX 2 ($0.02) during trading on Tuesday, reaching GBX 763 ($9.52). 462,596 shares of the company traded hands, compared to its average volume of 407,801. Inchcape has a 1-year low of GBX 597.50 ($7.45) and a 1-year high of GBX 874 ($10.90). The company has a market cap of £3.08 billion, a price-to-earnings ratio of 1,138.81, a P/E/G ratio of 2.06 and a beta of 1.19. The stock's 50 day moving average price is GBX 761.45 and its two-hundred day moving average price is GBX 788.73. The company has a debt-to-equity ratio of 198.14, a quick ratio of 0.51 and a current ratio of 1.10.
Insider Activity
In other news, insider Byron Elmer Grote purchased 4,000 shares of the firm's stock in a transaction that occurred on Tuesday, October 29th. The shares were acquired at an average price of GBX 730 ($9.11) per share, for a total transaction of £29,200 ($36,427.15). 14.84% of the stock is owned by insiders.
Inchcape Company Profile
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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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