Inchcape plc (LON:INCH) Insider Purchases £29,200 in Stock

Inchcape plc (LON:INCH - Get Free Report) insider Byron Elmer Grote bought 4,000 shares of Inchcape stock in a transaction dated Tuesday, October 29th. The stock was purchased at an average price of GBX 730 ($9.47) per share, for a total transaction of £29,200 ($37,867.98).

Byron Elmer Grote also recently made the following trade(s):

• On Friday, October 25th, Byron Elmer Grote bought 6,000 shares of Inchcape stock. The stock was purchased at an average cost of GBX 725 ($9.40) per share, with a total value of £43,500 ($56,412.92).

Inchcape Stock Performance

Shares of LON INCH traded down GBX 4.50 ($0.06) during mid-day trading on Wednesday, reaching GBX 724 ($9.39). 1,373,173 shares of the company were exchanged, compared to its average volume of 1,186,760. The stock has a market capitalization of £2.92 billion, a P/E ratio of 1,080.60, 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 company's 50-day simple moving average is GBX 798.37 and its 200-day simple moving average is GBX 793.70. Inchcape plc has a twelve month low of GBX 597.50 ($7.75) and a twelve month high of GBX 874 ($11.33).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reiterated a "buy" rating and issued a GBX 1,120 ($14.52) price objective on shares of Inchcape in a research report on Friday, October 25th.

About Inchcape

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.