Inchcape plc (LON:INCH - Get Free Report) shares dropped 9.6% during mid-day trading on Thursday . The stock traded as low as GBX 675 ($8.34) and last traded at GBX 680 ($8.40). Approximately 3,672,161 shares changed hands 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 ($9.29).
Analyst Upgrades and Downgrades
INCH has been the topic of a number of recent research reports. Citigroup restated a "buy" rating on shares of Inchcape in a research note 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 ($13.83) target price on shares of Inchcape in a report on Friday, October 25th.
Check Out Our Latest Report on Inchcape
Inchcape Price Performance
The stock has a market capitalization of £2.63 billion, a price-to-earnings ratio of 973.13, a P/E/G ratio of 2.06 and a beta of 1.19. 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 stock has a fifty day moving average of GBX 762.98 and a 200-day moving average of GBX 788.03.
Insider Activity
In other news, insider Byron Elmer Grote purchased 6,000 shares of the company's stock in a transaction that occurred on Friday, October 25th. The shares were purchased at an average price of GBX 725 ($8.96) per share, for a total transaction of £43,500 ($53,730.24). Company insiders own 14.84% of the company's stock.
Inchcape Company Profile
(
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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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