Inchcape plc (LON:INCH - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 762.12 ($10.02) and traded as high as GBX 850.50 ($11.18). Inchcape shares last traded at GBX 835.50 ($10.99), with a volume of 446,430 shares.
Analysts Set New Price Targets
Several research analysts have weighed in on INCH shares. Berenberg Bank upped their price objective on shares of Inchcape from GBX 1,040 ($13.68) to GBX 1,120 ($14.73) and gave the stock a "buy" rating in a report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a GBX 1,100 ($14.46) price objective on shares of Inchcape in a report on Tuesday, June 18th.
Read Our Latest Stock Report on INCH
Inchcape Stock Performance
The company has a debt-to-equity ratio of 198.14, a quick ratio of 0.51 and a current ratio of 1.10. The stock has a market cap of £3.43 billion, a P/E ratio of 1,249.25, a price-to-earnings-growth ratio of 2.06 and a beta of 1.22. The company's 50 day moving average price is GBX 818.62 and its 200-day moving average price is GBX 763.29.
Inchcape Cuts Dividend
The company also recently announced a dividend, which will be paid on Friday, September 6th. Stockholders of record on Thursday, August 8th will be paid a GBX 11.30 ($0.15) dividend. The ex-dividend date is Thursday, August 8th. This represents a dividend yield of 1.34%. Inchcape's payout ratio is 5,373.13%.
Insider Transactions at Inchcape
In related news, insider Adrian Lewis sold 6,542 shares of the stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of GBX 768 ($10.10), for a total transaction of £50,242.56 ($66,065.17). Company insiders own 14.67% of the company's stock.
Inchcape Company Profile
(
Get Free Report)
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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