Inchcape (LON:INCH) Insider Byron Elmer Grote Buys 5,000 Shares

Inchcape plc (LON:INCH) insider Byron Elmer Grote bought 5,000 shares of Inchcape stock in a transaction dated Monday, December 8th. The shares were purchased at an average cost of GBX 758 per share, for a total transaction of £37,900.

Inchcape Price Performance

INCH opened at GBX 756.54 on Thursday. The company has a fifty day simple moving average of GBX 743.66 and a 200 day simple moving average of GBX 715.13. The firm has a market cap of £2.73 billion, a price-to-earnings ratio of 7.21, a PEG ratio of 2.06 and a beta of 1.19. Inchcape plc has a twelve month low of GBX 575 and a twelve month high of GBX 819. The company has a current ratio of 1.10, a quick ratio of 0.51 and a debt-to-equity ratio of 206.10.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on INCH shares. Citigroup raised their target price on Inchcape from GBX 1,101 to GBX 1,115 and gave the company a “buy” rating in a research note on Monday, October 20th. UBS Group restated a “buy” rating and set a GBX 920 price objective on shares of Inchcape in a research note on Friday, October 17th. Berenberg Bank restated a “buy” rating and set a GBX 1,120 price objective on shares of Inchcape in a report on Thursday, October 23rd. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Inchcape in a research report on Thursday, October 16th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of GBX 988.75.

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.