Inchcape plc (LON:INCH - Get Free Report) shares were down 13.7% during trading on Thursday . The company traded as low as GBX 647 ($7.99) and last traded at GBX 649 ($8.02). Approximately 5,527,542 shares were traded during trading, an increase of 75% from the average daily volume of 3,154,223 shares. The stock had previously closed at GBX 752 ($9.29).
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on INCH. Berenberg Bank reissued a "buy" rating and issued a GBX 1,120 ($13.83) price objective on shares of Inchcape in a report on Friday, October 25th. JPMorgan Chase & Co. cut shares of Inchcape to a "neutral" rating in a research note on Thursday. Finally, Citigroup reiterated a "buy" rating on shares of Inchcape in a research note on Tuesday, January 7th.
View Our Latest Research Report on INCH
Inchcape Stock Down 13.3 %
The business's 50 day moving average price is GBX 762.98 and its 200 day moving average price is GBX 788.03. The firm has a market cap of £2.63 billion, a price-to-earnings ratio of 973.13, a PEG ratio of 2.06 and a beta of 1.19. The company has a debt-to-equity ratio of 198.14, a quick ratio of 0.51 and a current ratio of 1.10.
Insider Buying and Selling at Inchcape
In related news, insider Byron Elmer Grote acquired 4,000 shares of Inchcape stock in a transaction dated 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 company 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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