Inchcape plc (LON:INCH) Insider Byron Elmer Grote Acquires 3,500 Shares

Inchcape plc (LON:INCH) insider Byron Elmer Grote bought 3,500 shares of the company’s stock in a transaction on Tuesday, August 5th. The stock was purchased at an average price of GBX 671 ($9.02) per share, with a total value of £23,485 ($31,582.84).

Byron Elmer Grote also recently made the following trade(s):

• On Tuesday, July 29th, Byron Elmer Grote bought 5,000 shares of Inchcape stock. The stock was purchased at an average price of GBX 725 ($9.75) per share, with a total value of £36,250 ($48,749.33).

Inchcape Price Performance

Shares of LON INCH opened at GBX 650 ($8.74) on Friday. The company has a market capitalization of £2.55 billion, a PE ratio of 10.38, a P/E/G ratio of 2.06 and a beta of 1.19. 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 plc has a twelve month low of GBX 575 ($7.73) and a twelve month high of GBX 862 ($11.59). The firm has a fifty day simple moving average of GBX 723.67 and a 200 day simple moving average of GBX 696.64.

Inchcape (LON:INCH) last posted its quarterly earnings data on Tuesday, July 29th. The company reported GBX 35.50 ($0.48) earnings per share for the quarter. Inchcape had a return on equity of 17.60% and a net margin of 2.45%. On average, sell-side analysts forecast that Inchcape plc will post 85.9639233 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have commented on INCH. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Inchcape in a research report on Thursday, July 31st. Citigroup dropped their target price on Inchcape from GBX 1,161 ($15.61) to GBX 1,101 ($14.81) and set a “buy” rating for the company in a research report on Wednesday, July 30th. Berenberg Bank reissued a “buy” rating and issued a GBX 1,120 ($15.06) price target on shares of Inchcape in a research note on Tuesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 800 ($10.76) price objective on shares of Inchcape in a research note on Wednesday, July 30th.

About Inchcape

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.