Inchcape plc (LON:INCH) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Inchcape plc (LON:INCH) have been assigned an average recommendation of “Moderate Buy” from the six research firms that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is GBX 1,057.40.

A number of research analysts have weighed in on the stock. Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,170 price target on shares of Inchcape in a research report on Tuesday, July 28th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Inchcape from GBX 830 to GBX 870 and gave the stock a “hold” rating in a research report on Wednesday, July 29th. Citigroup raised their target price on shares of Inchcape from GBX 1,274 to GBX 1,277 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 1,050 target price on shares of Inchcape in a report on Wednesday, July 29th.

Inchcape Stock Performance

Inchcape stock opened at GBX 847 on Wednesday. The company has a market cap of £2.95 billion, a price-to-earnings ratio of 13.36, a price-to-earnings-growth ratio of 2.06 and a beta of 0.98. Inchcape has a 12 month low of GBX 640.50 and a 12 month high of GBX 895. The company has a debt-to-equity ratio of 125.11, a current ratio of 1.03 and a quick ratio of 0.51. The stock’s 50-day moving average is GBX 811.74 and its 200-day moving average is GBX 815.47.

Inchcape (LON:INCH) last issued its earnings results on Tuesday, July 28th. The company reported GBX 35.50 earnings per share (EPS) for the quarter. Inchcape had a return on equity of 19.59% and a net margin of 2.44%. Equities analysts anticipate that Inchcape will post 85.9639233 earnings per share for the current year.

Inchcape announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, July 28th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling

In related news, insider Tracy Clarke acquired 3,029 shares of Inchcape stock in a transaction on Tuesday, July 28th. The shares were bought at an average price of GBX 819 per share, for a total transaction of £24,807.51. 13.45% of the stock is owned by company insiders.

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.