Inchcape (OTCMKTS:IHCPF) Coverage Initiated at JPMorgan Chase & Co.

Equities research analysts at JPMorgan Chase & Co. initiated coverage on shares of Inchcape (OTCMKTS:IHCPFGet Rating) in a research report issued on Friday, The Fly reports. The firm set an “overweight” rating on the stock.

Separately, Berenberg Bank upped their price target on Inchcape from GBX 1,035 ($12.61) to GBX 1,085 ($13.22) in a research note on Friday, January 6th.

Inchcape Price Performance

IHCPF stock opened at 10.00 on Friday. Inchcape has a 1-year low of 8.66 and a 1-year high of 10.00. The business has a 50 day simple moving average of 10.00.

Inchcape Company Profile

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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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