Inchcape (LON:INCH) Stock Price Expected to Rise, Deutsche Bank Aktiengesellschaft Analyst Says

Inchcape (LON:INCH) had its price objective hoisted by stock analysts at Deutsche Bank Aktiengesellschaft from GBX 800 to GBX 830 in a research note issued to investors on Wednesday, MarketBeat.com reports. The brokerage currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective points to a potential upside of 0.12% from the stock’s previous close.

Inchcape Stock Up 3.0%

Shares of Inchcape stock opened at GBX 828.97 on Wednesday. The stock has a market capitalization of £2.98 billion, a price-to-earnings ratio of 7.89, a PEG ratio of 2.06 and a beta of 0.88. Inchcape has a twelve month low of GBX 575 and a twelve month high of GBX 895. The company has a current ratio of 1.07, a quick ratio of 0.51 and a debt-to-equity ratio of 100.56. The business’s 50 day simple moving average is GBX 816.60 and its 200-day simple moving average is GBX 754.79.

Inchcape (LON:INCH) last issued its quarterly earnings data on Tuesday, March 3rd. The company reported GBX 80.80 EPS for the quarter. Inchcape had a return on equity of 23.83% and a net margin of 2.99%. Equities research analysts forecast that Inchcape will post 85.9639233 earnings per share for the current year.

Inchcape declared that its board has initiated a share repurchase plan on Tuesday, March 3rd that permits the company to buyback 0 shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.

Insider Activity at Inchcape

In other Inchcape news, insider Byron Elmer Grote purchased 5,000 shares of the business’s stock in a transaction dated Monday, December 8th. The shares were bought at an average price of GBX 758 per share, with a total value of £37,900. Insiders own 9.43% 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. 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.