Citigroup Lowers Inchcape (LON:INCH) Price Target to GBX 1,161

Inchcape (LON:INCH) had its price target decreased by equities researchers at Citigroup from GBX 1,163 ($15.61) to GBX 1,161 ($15.58) in a note issued to investors on Thursday, Marketbeat Ratings reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s price objective points to a potential upside of 48.18% from the stock’s current price.

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 1,120 ($15.03) price objective on shares of Inchcape in a research note on Thursday, June 26th.

Inchcape Stock Performance

Shares of Inchcape stock opened at GBX 783.50 ($10.52) on Thursday. The company has a quick ratio of 0.51, a current ratio of 1.10 and a debt-to-equity ratio of 206.10. Inchcape has a twelve month low of GBX 575 ($7.72) and a twelve month high of GBX 874 ($11.73). The stock has a market cap of £3.08 billion, a price-to-earnings ratio of 12.52, a P/E/G ratio of 2.06 and a beta of 1.19. The company’s fifty day moving average is GBX 712.27 and its 200 day moving average is GBX 698.34.

Insider Activity at Inchcape

In related news, insider Adrian Lewis purchased 150 shares of the firm’s stock in a transaction dated Monday, June 16th. The stock was bought at an average price of GBX 684 ($9.18) per share, for a total transaction of £1,026 ($1,377.18). 14.84% of the stock is currently owned by corporate insiders.

Inchcape Company Profile

Inchcape is the leading global automotive distributor, with operations across six continents. By combining our in-market expertise with our unique technology and advanced data analytics, we create innovative customer experiences that deliver outstanding performance for our partners – building stronger automotive brands and creating sustainable growth.