Inchcape plc (LON:INCH - Get Free Report)'s share price dropped 13.3% on Friday . The stock traded as low as GBX 624.50 ($7.80) and last traded at GBX 652 ($8.14). Approximately 12,121,266 shares traded hands during mid-day trading, an increase of 240% from the average daily volume of 3,566,330 shares. The stock had previously closed at GBX 752 ($9.39).
Analyst Upgrades and Downgrades
INCH has been the topic of several research reports. JPMorgan Chase & Co. downgraded Inchcape to a "neutral" rating in a research report on Thursday. Berenberg Bank reaffirmed 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. Finally, Citigroup reaffirmed a "buy" rating on shares of Inchcape in a report on Tuesday, January 7th.
Check Out Our Latest Stock Analysis on INCH
Inchcape Trading Down 0.1 %
The company has a market cap of £2.63 billion, a price-to-earnings ratio of 972.09, a price-to-earnings-growth ratio of 2.06 and a beta of 1.19. The business'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 debt-to-equity ratio of 198.14, a current ratio of 1.10 and a quick ratio of 0.51.
Insiders Place Their Bets
In other Inchcape news, insider Byron Elmer Grote acquired 4,000 shares of the stock in a transaction dated Tuesday, October 29th. The stock was purchased at an average cost of GBX 730 ($9.11) per share, with a total value 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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