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

Inchcape plc (OTCMKTS:IHCPFGet Free Report)’s share price was down 2.4% during trading on Thursday . The stock traded as low as C$8.94 and last traded at C$8.94. Approximately 1 shares traded hands during trading, a decline of 100% from the average daily volume of 2,774 shares. The stock had previously closed at C$9.16.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on IHCPF shares. Deutsche Bank Aktiengesellschaft cut 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 research note on Monday, April 28th.

Get Our Latest Stock Analysis on IHCPF

Inchcape Trading Down 2.4%

The business’s 50-day moving average price is C$9.15 and its 200 day moving average price is C$9.25.

About Inchcape

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

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