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

Inchcape plc (LON:INCH) has earned an average rating of “Moderate Buy” from the six ratings firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is GBX 1,060.

A number of equities analysts have weighed in on the company. Jefferies Financial Group reiterated a “buy” rating and set a GBX 1,050 price objective on shares of Inchcape in a research note on Thursday, April 30th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,170 target price on shares of Inchcape in a report on Tuesday, June 23rd.

Insider Transactions at Inchcape

In other Inchcape news, insider Adrian Lewis sold 45,674 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of GBX 830, for a total value of £379,094.20. Insiders own 13.39% of the company’s stock.

Inchcape Trading Down 1.0%

LON INCH opened at GBX 791 on Tuesday. Inchcape has a 1 year low of GBX 640.50 and a 1 year high of GBX 895. The company has a debt-to-equity ratio of 100.56, a current ratio of 1.07 and a quick ratio of 0.51. The company has a market capitalization of £2.77 billion, a PE ratio of 11.05, a P/E/G ratio of 2.06 and a beta of 0.97. The company has a fifty day moving average of GBX 806.41 and a 200 day moving average of GBX 808.94.

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.