Inchcape (OTCMKTS:IHCPF) Trading 1% Higher – What’s Next?

Inchcape plc (OTCMKTS:IHCPFGet Free Report) shares were up 1% on Friday . The stock traded as high as C$10.10 and last traded at C$9.80. Approximately 3,000 shares changed hands during trading, a decline of 34% from the average daily volume of 4,575 shares. The stock had previously closed at C$9.70.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on IHCPF shares. UBS Group initiated coverage on Inchcape in a research report on Thursday, September 18th. They issued a “buy” rating on the stock. Citigroup reiterated a “buy” rating on shares of Inchcape in a research report on Monday, October 20th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Check Out Our Latest Report on Inchcape

Inchcape Trading Up 1.0%

The firm has a 50-day simple moving average of C$9.59 and a 200 day simple moving average of C$9.54.

About Inchcape

(Get Free Report)

Inchcape plc operates as an automotive distributor and retailer. It engages in the distribution, sales, and marketing of new and used cars, and parts. The company also provides aftersales service and body shop repairs; and finance and insurance products and services, as well as product planning, logistics, brand and marketing, channel management, and retail services.

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