Inchcape (LON:INCH - Get Free Report) released its earnings results on Tuesday. The company reported GBX 71.30 ($0.92) EPS for the quarter, Digital Look Earnings reports. Inchcape had a return on equity of 17.60% and a net margin of 2.45%.
Inchcape Stock Down 0.3 %
Inchcape stock traded down GBX 2 ($0.03) during mid-day trading on Friday, reaching GBX 721 ($9.32). 1,303,717 shares of the company were exchanged, compared to its average volume of 1,933,825. The business has a fifty day moving average of GBX 701.21 and a 200 day moving average of GBX 755.11. The company has a debt-to-equity ratio of 206.10, a quick ratio of 0.51 and a current ratio of 1.10. The firm has a market cap of £2.83 billion, a P/E ratio of 11.52, a PEG ratio of 2.06 and a beta of 1.19. Inchcape has a 12-month low of GBX 624 ($8.07) and a 12-month high of GBX 874 ($11.30).
Wall Street Analyst Weigh In
Several research analysts recently issued reports on INCH shares. JPMorgan Chase & Co. cut Inchcape to a "neutral" rating in a research note on Thursday, January 23rd. Citigroup increased their price objective on Inchcape from GBX 1,113 ($14.39) to GBX 1,194 ($15.43) and gave the stock a "buy" rating in a research note on Thursday.
Read Our Latest Stock Analysis on Inchcape
Insiders Place Their Bets
In other Inchcape news, insider Duncan Tait acquired 6,948 shares of the firm's stock in a transaction dated Tuesday, March 4th. The stock was purchased at an average price of GBX 716 ($9.25) per share, for a total transaction of £49,747.68 ($64,298.41). 14.84% of the stock is owned by company 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.
Further Reading
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