JPMorgan Chase & Co. Reaffirms “Neutral” Rating for Inchcape (LON:INCH)

Inchcape (LON:INCH)‘s stock had its “neutral” rating restated by investment analysts at JPMorgan Chase & Co. in a research report issued on Thursday, MarketBeat reports.

Several other research firms have also recently issued reports on INCH. Citigroup cut their price target on shares of Inchcape from GBX 1,161 ($15.41) to GBX 1,101 ($14.61) and set a “buy” rating for the company in a report on Wednesday. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,120 ($14.87) price objective on shares of Inchcape in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a GBX 800 ($10.62) target price on shares of Inchcape in a research note on Wednesday.

Inchcape Stock Down 2.3%

INCH opened at GBX 686 ($9.11) on Thursday. Inchcape has a 52 week low of GBX 575 ($7.63) and a 52 week high of GBX 863.50 ($11.46). The business has a 50 day moving average price of GBX 725.29 and a two-hundred day moving average price of GBX 698.92. The company has a quick ratio of 0.51, a current ratio of 1.10 and a debt-to-equity ratio of 206.10. The company has a market cap of £2.70 billion, a PE ratio of 10.96, a P/E/G ratio of 2.06 and a beta of 1.19.

Inchcape (LON:INCH) last released its earnings results on Tuesday, July 29th. The company reported GBX 35.50 ($0.47) earnings per share (EPS) for the quarter. Inchcape had a return on equity of 17.60% and a net margin of 2.45%. As a group, research analysts anticipate that Inchcape will post 85.9639233 EPS for the current year.

Insider Transactions at Inchcape

In related news, insider Adrian Lewis acquired 150 shares of Inchcape stock in a transaction that occurred on Monday, June 16th. The stock was purchased at an average price of GBX 684 ($9.08) per share, for a total transaction of £1,026 ($1,361.83). Also, insider Byron Elmer Grote bought 5,000 shares of the company’s stock in a transaction on Tuesday, July 29th. The stock was bought at an average cost of GBX 725 ($9.62) per share, with a total value of £36,250 ($48,115.21). Company insiders own 14.84% of the company’s stock.

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.