Inchcape (OTCMKTS:IHCPF) Stock Price Down 2.4% – Here’s What Happened

Inchcape plc (OTCMKTS:IHCPF)’s share price fell 2.4% during trading on Friday . The stock traded as low as C$8.94 and last traded at C$8.94. 25 shares changed hands during mid-day trading, a decline of 99% from the average session volume of 2,774 shares. The stock had previously closed at C$9.16.

Analysts Set New Price Targets

Several research firms recently commented on IHCPF. Deutsche Bank Aktiengesellschaft lowered shares of Inchcape to a “hold” rating in a research report on Thursday, April 24th. BNP Paribas lowered shares of Inchcape to a “neutral” rating in a report on Monday, April 28th.

Inchcape Stock Down 2.4%

The stock’s fifty day simple moving average is C$9.15 and its 200-day simple moving average is C$9.27.

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, as well as product planning, logistics, brand and marketing, channel management, and retail services.