Inchcape plc (LON:INCH - Get Free Report)'s stock price fell 13.3% on Thursday . The company traded as low as GBX 624.50 ($7.71) and last traded at GBX 652 ($8.05). 12,121,266 shares traded hands during trading, an increase of 240% from the average session volume of 3,566,330 shares. The stock had previously closed at GBX 752 ($9.29).
Wall Street Analysts Forecast Growth
INCH has been the topic of a number of recent research reports. Berenberg Bank restated 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. Citigroup reiterated a "buy" rating on shares of Inchcape in a research note on Tuesday, January 7th. Finally, JPMorgan Chase & Co. cut Inchcape to a "neutral" rating in a report on Thursday.
Check Out Our Latest Analysis on INCH
Inchcape Trading Down 13.3 %
The stock has a market cap of £2.63 billion, a PE ratio of 973.13, a price-to-earnings-growth 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. The firm has a 50-day moving average price of GBX 761.12 and a 200-day moving average price of GBX 787.37.
Insiders Place Their Bets
In other news, insider Byron Elmer Grote bought 4,000 shares of Inchcape stock in a transaction dated Tuesday, October 29th. The shares were purchased at an average cost of GBX 730 ($9.02) per share, with a total value of £29,200 ($36,067.19). Company insiders own 14.84% of the company's stock.
Inchcape Company Profile
(
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.
See Also
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.
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
Which stocks are hedge funds and endowments buying in today's market? Enter your email address and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying now.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
