Inchcape plc (LON:INCH - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 769.36 ($10.06) and traded as high as GBX 832.50 ($10.89). Inchcape shares last traded at GBX 814 ($10.64), with a volume of 492,270 shares.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on the company. Berenberg Bank upped their price target on Inchcape from GBX 1,040 ($13.60) to GBX 1,120 ($14.65) and gave the company a "buy" rating in a research report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a GBX 1,100 ($14.38) target price on shares of Inchcape in a report on Tuesday, June 18th.
Check Out Our Latest Stock Report on Inchcape
Inchcape Price Performance
The business has a 50 day simple moving average of GBX 826.82 and a two-hundred day simple moving average of GBX 769.36. The firm has a market capitalization of £3.34 billion, a P/E ratio of 1,222.39, a price-to-earnings-growth ratio of 2.06 and a beta of 1.19. The company has a debt-to-equity ratio of 198.14, a quick ratio of 0.51 and a current ratio of 1.10.
Inchcape Cuts Dividend
The business also recently disclosed a dividend, which was paid on Friday, September 6th. Investors of record on Thursday, August 8th were given a GBX 11.30 ($0.15) dividend. This represents a dividend yield of 1.34%. The ex-dividend date of this dividend was Thursday, August 8th. Inchcape's dividend payout ratio (DPR) is 5,373.13%.
About Inchcape
(
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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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