Inchcape (LON:INCH) Stock Price Down 9.6% - What's Next?

Inchcape plc (LON:INCH - Get Free Report) shares dropped 9.6% on Thursday . The company traded as low as GBX 675 ($8.43) and last traded at GBX 680 ($8.49). 3,672,161 shares were traded during mid-day trading, an increase of 21% from the average daily volume of 3,038,261 shares. The stock had previously closed at GBX 752 ($9.39).

Analyst Upgrades and Downgrades

A number of research firms have weighed in on INCH. Citigroup reissued a "buy" rating on shares of Inchcape in a report on Tuesday, January 7th. JPMorgan Chase & Co. cut shares of Inchcape to a "neutral" rating in a research report on Thursday. Finally, Berenberg Bank reissued a "buy" rating and issued a GBX 1,120 ($13.98) target price on shares of Inchcape in a research report on Friday, October 25th.

Inchcape Stock Down 0.1 %

The company has a quick ratio of 0.51, a current ratio of 1.10 and a debt-to-equity ratio of 198.14. The firm's fifty day simple moving average is GBX 759.18 and its 200-day simple moving average is GBX 786.40. The company 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 Inchcape stock in a transaction that occurred on Tuesday, October 29th. The shares were purchased at an average cost 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.

Inchcape Company Profile

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.