Inchcape (LON:INCH) Now Covered by Analysts at UBS Group

UBS Group started coverage on shares of Inchcape (LON:INCH) in a report released on Thursday, Marketbeat.com reports. The brokerage issued a buy rating and a GBX 920 price objective on the stock.

INCH has been the topic of several other reports. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Inchcape in a research report on Thursday, July 31st. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 800 target price on shares of Inchcape in a report on Wednesday, July 30th. Berenberg Bank reiterated a “buy” rating and set a GBX 1,120 price target on shares of Inchcape in a report on Tuesday, September 2nd. Finally, Citigroup dropped their price objective on Inchcape from GBX 1,161 to GBX 1,101 and set a “buy” rating on the stock in a research note on Wednesday, July 30th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Inchcape currently has a consensus rating of “Moderate Buy” and an average price target of GBX 985.25.

Inchcape Price Performance

LON:INCH opened at GBX 683 on Thursday. The stock’s 50-day simple moving average is GBX 697.43 and its 200 day simple moving average is GBX 695.54. Inchcape has a 52-week low of GBX 575 and a 52-week high of GBX 849.50. The company has a debt-to-equity ratio of 206.10, a quick ratio of 0.51 and a current ratio of 1.10. The company has a market cap of £2.52 billion, a P/E ratio of 650.48, a P/E/G ratio of 2.06 and a beta of 1.19.

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

Insider Transactions at Inchcape

In other Inchcape news, insider Adrian Lewis bought 2,814 shares of Inchcape stock in a transaction dated Tuesday, September 9th. The stock was bought at an average price of GBX 665 per share, with a total value of £18,713.10. Also, insider Stuart Rowley bought 3,000 shares of the firm’s stock in a transaction on Friday, August 1st. The shares were acquired at an average price of GBX 929 per share, for a total transaction of £27,870. Insiders bought a total of 15,718 shares of company stock worth $11,565,470 over the last quarter. Company insiders own 5.71% of the company’s stock.

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.