Inchcape (LON:INCH) Reaches New 12-Month Low - Here's What Happened

Inchcape plc (LON:INCH - Get Free Report) shares hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 575 ($7.65) and last traded at GBX 668 ($8.88), with a volume of 15035688 shares changing hands. The stock had previously closed at GBX 692 ($9.20).

Analysts Set New Price Targets

Several analysts have commented on the stock. JPMorgan Chase & Co. cut shares of Inchcape to a "neutral" rating in a research note on Thursday, January 23rd. Citigroup increased their price target on Inchcape from GBX 1,113 ($14.80) to GBX 1,194 ($15.88) and gave the company a "buy" rating in a report on Thursday, March 6th.

Inchcape Stock Up 1.8 %

The stock has a market cap of £2.60 billion, a P/E ratio of 10.58, a PEG ratio of 2.06 and a beta of 1.19. The stock's fifty day simple moving average is GBX 689.43 and its 200-day simple moving average is GBX 721.53. 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 (LON:INCH - Get Free Report) last released its quarterly earnings data on Tuesday, March 4th. The company reported GBX 71.30 ($0.95) earnings per share for the quarter. Inchcape had a net margin of 2.45% and a return on equity of 17.60%. On average, research analysts anticipate that Inchcape plc will post 85.9639233 earnings per share for the current year.

Inchcape Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, June 16th. Investors of record on Thursday, May 1st will be issued a GBX 17.20 ($0.23) dividend. This represents a yield of 2.38%. This is a positive change from Inchcape's previous dividend of $11.30. The ex-dividend date is Thursday, May 1st. Inchcape's dividend payout ratio is 57.52%.

Insiders Place Their Bets

In other Inchcape news, insider Duncan Tait purchased 6,948 shares of the company's stock in a transaction on Tuesday, March 4th. The shares were purchased at an average cost of GBX 716 ($9.52) per share, for a total transaction of £49,747.68 ($66,162.63). 14.84% of the stock is currently owned by insiders.

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.