Inchcape plc (LON:INCH - Get Free Report)'s stock price traded down 13.3% during trading on Friday . The stock traded as low as GBX 624.50 ($7.80) and last traded at GBX 652 ($8.14). 12,121,266 shares changed hands during mid-day trading, an increase of 240% from the average session volume of 3,566,330 shares. The stock had previously closed at GBX 752 ($9.39).
Wall Street Analysts Forecast Growth
INCH has been the subject of a number of research analyst reports. Berenberg Bank restated a "buy" rating and issued a GBX 1,120 ($13.98) target price on shares of Inchcape in a research note on Friday, October 25th. JPMorgan Chase & Co. cut Inchcape to a "neutral" rating in a research report on Thursday. Finally, Citigroup reaffirmed a "buy" rating on shares of Inchcape in a research report on Tuesday, January 7th.
View Our Latest Stock Report on INCH
Inchcape Trading Down 0.1 %
The stock has a market cap of £2.63 billion, a PE ratio of 972.09, a PEG ratio of 2.06 and a beta of 1.19. The stock's fifty day moving average price is GBX 761.12 and its 200 day moving average price 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 Activity
In other news, insider Byron Elmer Grote purchased 4,000 shares of the business's stock in a transaction on Tuesday, October 29th. The stock was acquired at an average cost of GBX 730 ($9.11) per share, for a total transaction of £29,200 ($36,458.98). Corporate insiders own 14.84% of the company's stock.
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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