Inchcape (LON:INCH) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Shares of Inchcape plc (LON:INCH) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 725.22 and traded as high as GBX 771. Inchcape shares last traded at GBX 765.50, with a volume of 13,715,672 shares.

Wall Street Analyst Weigh In

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

Inchcape Stock Performance

The firm’s 50-day moving average price is GBX 760.20 and its 200 day moving average price is GBX 725.22. The company has a market cap of £2.77 billion, a price-to-earnings ratio of 7.29, a PEG ratio of 2.06 and a beta of 1.19. The company has a debt-to-equity ratio of 206.10, a quick ratio of 0.51 and a current ratio of 1.10.

Insider Buying and Selling

In related news, insider Byron Elmer Grote acquired 5,000 shares of the company’s stock in a transaction on Monday, December 8th. The stock was purchased at an average cost of GBX 758 per share, with a total value of £37,900. 9.39% of the stock is currently owned by company insiders.

Inchcape Company Profile

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. Our distribution platform connects the products of mobility company partners with customers, and our responsibilities span product planning and pricing, import and logistics, brand and marketing to operating digital sales, managing physical sales and aftermarket service channels.