Inchcape plc (LON:INCH - Get Free Report)'s share price was down 13.3% during mid-day trading on Thursday . The company traded as low as GBX 624.50 ($7.71) and last traded at GBX 652 ($8.05). Approximately 12,121,266 shares were traded during mid-day trading, an increase of 240% from the average daily volume of 3,566,330 shares. The stock had previously closed at GBX 752 ($9.29).
Wall Street Analyst Weigh In
Several brokerages have weighed in on INCH. JPMorgan Chase & Co. cut Inchcape to a "neutral" rating in a report on Thursday. Berenberg Bank reissued a "buy" rating and set a GBX 1,120 ($13.83) price target on shares of Inchcape in a research note on Friday, October 25th. Finally, Citigroup reaffirmed a "buy" rating on shares of Inchcape in a research note on Tuesday, January 7th.
Read Our Latest Analysis on Inchcape
Inchcape Trading Down 0.1 %
The stock has a market cap of £2.63 billion, a price-to-earnings ratio of 972.09, a PEG ratio of 2.06 and a beta of 1.19. The business's 50 day simple moving average is GBX 761.12 and its 200 day simple moving average is GBX 787.37. The company has a quick ratio of 0.51, a current ratio of 1.10 and a debt-to-equity ratio of 198.14.
Insider Transactions at Inchcape
In other Inchcape 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 cost of GBX 730 ($9.02) per share, for a total transaction of £29,200 ($36,067.19). 14.84% of the stock is currently owned by corporate insiders.
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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