Inchcape (LON:INCH) Shares Pass Above 200 Day Moving Average of $704.85

Inchcape plc (LON:INCHGet Free Report)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 704.85 ($9.00) and traded as high as GBX 828 ($10.57). Inchcape shares last traded at GBX 807 ($10.31), with a volume of 1,132,275 shares changing hands.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on INCH. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 1,050 ($13.41) price target on shares of Inchcape in a research report on Thursday, April 4th. Berenberg Bank restated a “buy” rating and issued a GBX 1,040 ($13.28) target price on shares of Inchcape in a report on Thursday, April 25th.

Check Out Our Latest Report on INCH

Inchcape Price Performance

The stock has a market capitalization of £3.32 billion, a P/E ratio of 1,241.54, a PEG ratio of 2.06 and a beta of 1.19. The company has a debt-to-equity ratio of 222.65, a quick ratio of 0.51 and a current ratio of 1.06. The business has a fifty day simple moving average of GBX 761.11 and a 200-day simple moving average of GBX 704.85.

Inchcape Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, June 17th. Shareholders of record on Thursday, May 2nd will be issued a GBX 24.30 ($0.31) dividend. This represents a yield of 3.57%. This is a boost from Inchcape’s previous dividend of $9.60. The ex-dividend date of this dividend is Thursday, May 2nd. Inchcape’s dividend payout ratio (DPR) is presently 5,230.77%.

Insider Buying and Selling at Inchcape

In related news, insider Duncan Tait acquired 9,590 shares of the business’s stock in a transaction dated Tuesday, March 5th. The shares were bought at an average price of GBX 622 ($7.94) per share, with a total value of £59,649.80 ($76,181.10). In other Inchcape news, insider Byron Elmer Grote acquired 7,000 shares of the stock in a transaction on Tuesday, March 12th. The shares were purchased at an average price of GBX 637 ($8.14) per share, for a total transaction of £44,590 ($56,947.64). Also, insider Duncan Tait acquired 9,590 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was acquired at an average cost of GBX 622 ($7.94) per share, for a total transaction of £59,649.80 ($76,181.10). Insiders own 14.56% of the company’s stock.

Inchcape Company Profile

(Get Free Report)

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.

Further Reading

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