Shares of Inchcape plc (LON:INCH - Get Free Report) traded down 13.3% during trading on Friday . The company 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).
Analyst Ratings Changes
A number of brokerages recently weighed in on INCH. JPMorgan Chase & Co. cut shares of Inchcape to a "neutral" rating in a research report on Thursday. Citigroup reiterated a "buy" rating on shares of Inchcape in a research note on Tuesday, January 7th. Finally, Berenberg Bank reissued a "buy" rating and set a GBX 1,120 ($13.98) price target on shares of Inchcape in a research report on Friday, October 25th.
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Inchcape Price Performance
The company has a debt-to-equity ratio of 198.14, a current ratio of 1.10 and a quick ratio of 0.51. The business has a fifty day moving average of GBX 759.18 and a 200 day moving average of GBX 786.40. The stock has a market cap of £2.63 billion, a PE ratio of 972.09, a P/E/G ratio of 2.06 and a beta of 1.19.
Insider Activity
In other Inchcape news, insider Byron Elmer Grote bought 4,000 shares of the stock in a transaction on Tuesday, October 29th. The stock was purchased at an average price of GBX 730 ($9.11) per share, for a total transaction of £29,200 ($36,458.98). Company 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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