Inchcape (LON:INCH) Earns Neutral Rating from JPMorgan Chase & Co.

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

INCH has been the subject of several other research reports. Berenberg Bank reissued a “buy” rating and set a GBX 1,120 price target on shares of Inchcape in a research report on Tuesday, September 2nd. UBS Group started coverage on Inchcape in a research report on Thursday, September 18th. They set a “buy” rating and a GBX 920 price target for the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a GBX 800 price target on shares of Inchcape in a research report on Wednesday, July 30th. Finally, Citigroup dropped their price target on Inchcape from GBX 1,161 to GBX 1,101 and set a “buy” rating for the company in a research report on Wednesday, July 30th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 985.25.

Inchcape Stock Performance

Shares of INCH stock opened at GBX 696.50 on Thursday. The stock has a fifty day moving average price of GBX 681.06 and a 200 day moving average price of GBX 694.40. The stock has a market cap of £2.55 billion, a PE ratio of 663.33, a P/E/G ratio of 2.06 and a beta of 1.19. Inchcape has a 1 year low of GBX 575 and a 1 year high of GBX 819. The company has a debt-to-equity ratio of 206.10, a quick ratio of 0.51 and a current ratio of 1.10.

Inchcape (LON:INCH) last released 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%. Sell-side analysts forecast that Inchcape will post 85.9639233 earnings per share for the current fiscal year.

Insider Activity

In other Inchcape news, insider Adrian Lewis acquired 2,814 shares of the stock in a transaction dated Tuesday, September 9th. The stock was acquired at an average price of GBX 665 per share, with a total value of £18,713.10. Also, insider Byron Elmer Grote acquired 3,500 shares of the stock in a transaction dated Tuesday, August 5th. The stock was acquired at an average cost of GBX 671 per share, with a total value of £23,485. Insiders acquired a total of 15,718 shares of company stock valued at $11,565,470 over the last quarter. Company insiders own 9.26% 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.