Inchcape (LON:INCH) Stock Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Inchcape plc (LON:INCH)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 739.12 and traded as high as GBX 850. Inchcape shares last traded at GBX 834.66, with a volume of 43,184,828 shares traded.

Analyst Ratings Changes

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,120 target price on shares of Inchcape in a research report on Thursday, October 23rd. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 988.75.

Inchcape Stock Performance

The company has a current ratio of 1.10, a quick ratio of 0.51 and a debt-to-equity ratio of 206.10. The firm has a market capitalization of £3.00 billion, a price-to-earnings ratio of 7.95, a PEG ratio of 2.06 and a beta of 1.19. The stock has a fifty day moving average price of GBX 794.26 and a 200-day moving average price of GBX 739.12.

Insider Activity

In related news, insider Byron Elmer Grote acquired 5,000 shares of the business’s stock in a transaction on Monday, December 8th. The stock was bought at an average cost 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.