Inchcape plc (LON:INCH - Get Free Report) shares were down 13.7% during mid-day trading on Thursday . The stock traded as low as GBX 647 ($8.08) and last traded at GBX 649 ($8.10). Approximately 5,527,542 shares changed hands during mid-day trading, an increase of 75% from the average daily volume of 3,154,223 shares. The stock had previously closed at GBX 752 ($9.39).
Analysts Set New Price Targets
Several analysts recently issued reports on the stock. JPMorgan Chase & Co. downgraded shares of Inchcape to a "neutral" rating in a research report on Thursday. Citigroup reaffirmed a "buy" rating on shares of Inchcape in a research report on Tuesday, January 7th. Finally, Berenberg Bank reaffirmed a "buy" rating and set a GBX 1,120 ($13.98) price objective on shares of Inchcape in a report on Friday, October 25th.
View Our Latest Stock Analysis on Inchcape
Inchcape Price Performance
The firm has a market cap of £2.63 billion, a P/E ratio of 972.09, 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 current ratio of 1.10 and a quick ratio of 0.51. The firm's 50 day moving average is GBX 759.18 and its 200 day moving average is GBX 786.40.
Insider Transactions at Inchcape
In other Inchcape news, insider Byron Elmer Grote bought 4,000 shares of the business's stock in a transaction on Tuesday, October 29th. The shares were acquired at an average cost of GBX 730 ($9.11) per share, for a total transaction of £29,200 ($36,449.88). 14.84% of the stock is owned by 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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