Berenberg Bank Reaffirms Buy Rating for Inchcape (LON:INCH)

Inchcape (LON:INCH)‘s stock had its “buy” rating reiterated by stock analysts at Berenberg Bank in a research report issued on Thursday, MarketBeat Ratings reports. They currently have a GBX 1,040 ($12.85) price objective on the stock. Berenberg Bank’s target price would suggest a potential upside of 30.90% from the stock’s previous close.

Separately, JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 1,050 ($12.97) price target on shares of Inchcape in a research report on Thursday, April 4th.

Inchcape Price Performance

INCH opened at GBX 794.50 ($9.81) on Thursday. The company has a current ratio of 1.06, a quick ratio of 0.51 and a debt-to-equity ratio of 106.79. The firm has a market cap of £3.28 billion, a price-to-earnings ratio of 1,212.32, a PEG ratio of 2.06 and a beta of 1.22. The stock’s 50-day moving average price is GBX 691.18 and its 200 day moving average price is GBX 683.94. Inchcape has a 12-month low of GBX 597.50 ($7.38) and a 12-month high of GBX 1,086.62 ($13.42).

Insider Buying and Selling at Inchcape

In other Inchcape news, insider Duncan Tait acquired 9,590 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were acquired at an average price of GBX 622 ($7.68) per share, for a total transaction of £59,649.80 ($73,678.11). In other Inchcape news, insider Duncan Tait acquired 9,590 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were acquired at an average price of GBX 622 ($7.68) per share, for a total transaction of £59,649.80 ($73,678.11). Also, insider Byron Elmer Grote acquired 7,000 shares of the company’s stock in a transaction dated Tuesday, March 12th. The stock was acquired at an average price of GBX 637 ($7.87) per share, for a total transaction of £44,590 ($55,076.58). 11.43% of the stock is owned by corporate insiders.

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. It operates in the Asia Pacific, the United Kingdom, rest of Europe, the Americas, and Africa.