Inchcape (LON:INCH) Insider Adrian Lewis Sells 398 Shares

Inchcape plc (LON:INCH) insider Adrian Lewis sold 398 shares of the firm’s stock in a transaction on Thursday, April 9th. The shares were sold at an average price of GBX 789, for a total transaction of £3,140.22.

Inchcape Stock Up 0.5%

INCH stock opened at GBX 792.80 on Friday. The firm has a market cap of £2.82 billion, a PE ratio of 11.07, a P/E/G ratio of 2.06 and a beta of 0.89. The company has a debt-to-equity ratio of 100.56, a quick ratio of 0.51 and a current ratio of 1.07. The firm’s fifty day moving average is GBX 818.63 and its 200 day moving average is GBX 776.78. Inchcape plc has a one year low of GBX 575 and a one year high of GBX 895.

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

Inchcape announced that its board has approved a stock buyback plan on Tuesday, March 3rd that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

Several research firms recently commented on INCH. Citigroup raised their price target on shares of Inchcape from GBX 1,115 to GBX 1,330 and gave the company a “buy” rating in a research report on Thursday, March 5th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Inchcape from GBX 800 to GBX 830 and gave the company a “buy” rating in a research report on Wednesday, March 4th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Inchcape currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,050.

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.