Inchcape plc (LON:INCH - Get Free Report) traded down 9.6% during trading on Thursday . The stock traded as low as GBX 675 ($8.34) and last traded at GBX 680 ($8.40). 3,672,161 shares were traded during mid-day trading, an increase of 21% from the average session volume of 3,038,261 shares. The stock had previously closed at GBX 752 ($9.29).
Wall Street Analysts Forecast Growth
A number of research firms have recently issued reports on INCH. Berenberg Bank reaffirmed a "buy" rating and set a GBX 1,120 ($13.83) target price on shares of Inchcape in a report on Friday, October 25th. Citigroup reaffirmed a "buy" rating on shares of Inchcape in a research note on Tuesday, January 7th. Finally, JPMorgan Chase & Co. lowered shares of Inchcape to a "neutral" rating in a research note on Thursday.
Get Our Latest Analysis on Inchcape
Inchcape Stock Down 13.3 %
The business has a fifty day moving average of GBX 762.98 and a 200 day moving average of GBX 788.03. 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 stock has a market capitalization of £2.63 billion, a price-to-earnings ratio of 973.13, a PEG ratio of 2.06 and a beta of 1.19.
Insider Activity
In related news, insider Byron Elmer Grote acquired 6,000 shares of the stock in a transaction that occurred on Friday, October 25th. The stock was purchased at an average price of GBX 725 ($8.96) per share, with a total value of £43,500 ($53,730.24). Corporate 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.
Further Reading
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