Inchcape (LON:INCH - Get Free Report)'s stock had its "buy" rating restated by equities researchers at Berenberg Bank in a report issued on Friday, MarketBeat Ratings reports. They currently have a GBX 1,120 ($14.54) price objective on the stock. Berenberg Bank's target price suggests a potential upside of 51.35% from the company's current price.
Inchcape Stock Performance
Shares of LON:INCH traded up GBX 9 ($0.12) during midday trading on Friday, hitting GBX 740 ($9.61). The stock had a trading volume of 866,360 shares, compared to its average volume of 1,195,342. The company has a current ratio of 1.10, a quick ratio of 0.51 and a debt-to-equity ratio of 198.14. The company has a market capitalization of £2.99 billion, a PE ratio of 1,101.49, a P/E/G ratio of 2.06 and a beta of 1.19. Inchcape has a 1 year low of GBX 597.50 ($7.76) and a 1 year high of GBX 874 ($11.35). The stock has a 50 day moving average price of GBX 804.08 and a two-hundred day moving average price of GBX 794.73.
Insider Transactions at Inchcape
In other Inchcape news, insider Byron Elmer Grote purchased 6,000 shares of the stock in a transaction dated Friday, October 25th. The shares were acquired at an average cost of GBX 725 ($9.41) per share, for a total transaction of £43,500 ($56,478.84). In other Inchcape news, insider Duncan Tait sold 155,811 shares of the business's stock in a transaction on Monday, October 7th. The stock was sold at an average price of GBX 764 ($9.92), for a total value of £1,190,396.04 ($1,545,567.44). Also, insider Byron Elmer Grote bought 6,000 shares of the company's stock in a transaction that occurred on Friday, October 25th. The stock was acquired at an average price of GBX 725 ($9.41) per share, with a total value of £43,500 ($56,478.84). Corporate insiders own 14.84% of the company's stock.
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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