Inchcape (LON:INCH) Share Price Passes Above Two Hundred Day Moving Average of $738.91

Shares of Inchcape plc (LON:INCHGet Rating) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 738.91 ($8.90) and traded as high as GBX 790 ($9.52). Inchcape shares last traded at GBX 786 ($9.47), with a volume of 640,815 shares traded.

Analysts Set New Price Targets

Several equities analysts recently issued reports on INCH shares. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 920 ($11.08) price objective on shares of Inchcape in a research note on Tuesday, June 28th. Barclays reiterated an “overweight” rating and issued a GBX 910 ($10.96) target price on shares of Inchcape in a research note on Monday, July 4th.

Inchcape Price Performance

The business has a fifty day moving average price of GBX 721.86 and a 200 day moving average price of GBX 738.91. The company has a market capitalization of £2.96 billion and a price-to-earnings ratio of 2,620.00. The company has a debt-to-equity ratio of 123.19, a current ratio of 1.20 and a quick ratio of 0.50.

Insider Buying and Selling

In related news, insider Gijsbert de Zoeten purchased 20,871 shares of the company’s stock in a transaction that occurred on Friday, May 6th. The shares were purchased at an average price of GBX 702 ($8.46) per share, with a total value of £146,514.42 ($176,523.40).

About Inchcape

(Get Rating)

Inchcape plc operates as an automotive distributor and retailer. The company engages in the distribution, sales, and marketing of new and used cars, and parts. It also provides aftersales service and body shop repairs; and finance and insurance products and services. The company operates in the Asia Pacific, the United Kingdom, rest of Europe, the Americas, and Africa.

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