Inchcape plc (LON:INCH) Receives GBX 1,060 Consensus PT from Analysts

Inchcape plc (LON:INCH) has been given an average recommendation of “Moderate Buy” by the six ratings firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is GBX 1,060.

INCH has been the subject of several recent research reports. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 1,050 target price on shares of Inchcape in a report on Thursday, April 30th. Berenberg Bank reissued a “buy” rating and set a GBX 1,170 price target on shares of Inchcape in a report on Tuesday, June 23rd.

Inchcape Trading Up 0.3%

Shares of LON:INCH opened at GBX 798 on Tuesday. Inchcape has a 12-month low of GBX 640.50 and a 12-month high of GBX 895. The company has a market capitalization of £2.79 billion, a PE ratio of 11.15, a PEG ratio of 2.06 and a beta of 0.97. The business has a 50 day moving average of GBX 806.88 and a two-hundred day moving average of GBX 808.52. The company has a current ratio of 1.07, a quick ratio of 0.51 and a debt-to-equity ratio of 100.56.

Insider Activity

In other news, insider Adrian Lewis sold 45,674 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of GBX 830, for a total transaction of £379,094.20. 13.39% of the stock is currently owned by 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.