Inchcape plc (LON:INCH - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 621 ($8.13) and last traded at GBX 624 ($8.17), with a volume of 575343 shares changing hands. The stock had previously closed at GBX 659 ($8.63).
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on the stock. Citigroup raised their price objective on shares of Inchcape from GBX 1,113 ($14.57) to GBX 1,194 ($15.63) and gave the company a "buy" rating in a report on Thursday, March 6th. JPMorgan Chase & Co. downgraded shares of Inchcape to a "neutral" rating in a research note on Thursday, January 23rd.
Check Out Our Latest Research Report on INCH
Inchcape Stock Performance
The stock has a 50 day moving average of GBX 684.55 and a 200 day moving average of GBX 729.14. The company has a market capitalization of £2.66 billion, a price-to-earnings ratio of 10.83, a price-to-earnings-growth ratio of 2.06 and a beta of 1.19. The company has a quick ratio of 0.51, a current ratio of 1.10 and a debt-to-equity ratio of 206.10.
Inchcape (LON:INCH - Get Free Report) last issued its quarterly earnings results on Tuesday, March 4th. The company reported GBX 71.30 ($0.93) earnings per share (EPS) for the quarter. Inchcape had a net margin of 2.45% and a return on equity of 17.60%. As a group, analysts predict that Inchcape plc will post 85.9639233 EPS for the current year.
Inchcape Increases Dividend
The company also recently declared a dividend, which will be paid on Monday, June 16th. Shareholders of record on Thursday, May 1st will be given a dividend of GBX 17.20 ($0.23) per share. The ex-dividend date is Thursday, May 1st. This represents a yield of 2.38%. This is a boost from Inchcape's previous dividend of $11.30. Inchcape's dividend payout ratio is 57.52%.
Insiders Place Their Bets
In related news, insider Duncan Tait acquired 6,948 shares of Inchcape stock in a transaction dated Tuesday, March 4th. The stock was bought at an average price of GBX 716 ($9.37) per share, with a total value of £49,747.68 ($65,114.76). Company insiders own 14.84% of the company's stock.
About Inchcape
(
Get Free Report)
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.
Featured Articles
Before you consider Inchcape, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Inchcape wasn't on the list.
While Inchcape currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering when you'll finally be able to invest in SpaceX, Starlink, or X.AI? Enter your email address to learn when Elon Musk will let these companies finally IPO.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
