Inchcape plc (LON:INCH - Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 755.78 ($9.97) and traded as high as GBX 848 ($11.18). Inchcape shares last traded at GBX 848 ($11.18), with a volume of 495,191 shares changing hands.
Analysts Set New Price Targets
Several analysts have recently weighed in on INCH shares. Berenberg Bank upped their price objective on Inchcape from GBX 1,040 ($13.71) to GBX 1,120 ($14.77) and gave the company a "buy" rating in a report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a GBX 1,100 ($14.51) price target on shares of Inchcape in a report on Tuesday, June 18th.
Get Our Latest Stock Report on INCH
Inchcape Price Performance
The company has a fifty day simple moving average of GBX 808.16 and a 200-day simple moving average of GBX 756.41. The company has a market cap of £3.47 billion, a P/E ratio of 1,264.18, a PEG ratio of 2.06 and a beta of 1.22. The company has a debt-to-equity ratio of 198.14, a current ratio of 1.10 and a quick ratio of 0.51.
Inchcape Cuts Dividend
The company also recently announced a dividend, which will be paid on Friday, September 6th. Shareholders of record on Thursday, August 8th will be issued a GBX 11.30 ($0.15) dividend. This represents a dividend yield of 1.34%. The ex-dividend date is Thursday, August 8th. Inchcape's payout ratio is 5,373.13%.
Insiders Place Their Bets
In other news, insider Adrian Lewis sold 14,721 shares of the stock in a transaction on Monday, June 10th. The stock was sold at an average price of GBX 788 ($10.39), for a total value of £116,001.48 ($152,975.71). In related news, insider Alison Platt acquired 12,143 shares of the stock in a transaction that occurred on Thursday, May 30th. The shares were purchased at an average cost of GBX 823 ($10.85) per share, with a total value of £99,936.89 ($131,790.70). Also, insider Adrian Lewis sold 14,721 shares of the stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of GBX 788 ($10.39), for a total transaction of £116,001.48 ($152,975.71). Corporate insiders own 14.67% of the company's stock.
Inchcape Company Profile
(
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Inchcape plc operates as an automotive distributor and retailer. It engages in the distribution, sales, and marketing of new and used cars, and parts. The company also provides aftersales service and body shop repairs; and finance and insurance products and services, as well as product planning, logistics, brand and marketing, channel management, and retail services.
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