Inchcape (LON:INCH) Shares Up 1.2% - Here's What Happened

Shares of Inchcape plc (LON:INCH - Get Free Report) traded up 1.2% on Friday . The stock traded as high as GBX 786.50 ($10.03) and last traded at GBX 777.56 ($9.91). 429,992 shares were traded during trading, a decline of 62% from the average session volume of 1,144,050 shares. The stock had previously closed at GBX 768 ($9.79).

Wall Street Analyst Weigh In

Separately, Berenberg Bank reaffirmed a "buy" rating and issued a GBX 1,120 ($14.28) price target on shares of Inchcape in a research note on Friday, October 25th.

Inchcape Stock Up 1.2 %

The company's 50-day simple moving average is GBX 761.12 and its two-hundred day simple moving average is GBX 793.55. The firm has a market cap of £3.14 billion, a PE ratio of 1,160.54, 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 Transactions at Inchcape

In related news, insider Byron Elmer Grote acquired 4,000 shares of the firm's stock in a transaction on Tuesday, October 29th. The stock was acquired at an average cost of GBX 730 ($9.31) per share, for a total transaction of £29,200 ($37,225.91). Also, insider Duncan Tait sold 155,811 shares of the firm's stock in a transaction dated Monday, October 7th. The stock was sold at an average price of GBX 764 ($9.74), for a total transaction of £1,190,396.04 ($1,517,588.02). 14.84% of the stock is currently owned by company insiders.

About Inchcape

Inchcape plc operates as an automotive distributor and retailer. It engages in the distribution, sales, and marketing of new and used cars, and parts. The company also provides aftersales service and body shop repairs; and finance and insurance products and services, as well as product planning, logistics, brand and marketing, channel management, and retail services.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.