Brokerages Set Inchcape plc (LON:INCH) Price Target at GBX 1,060

Inchcape plc (LON:INCH) has earned an average rating of “Moderate Buy” from the six research firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is GBX 1,060.

A number of equities research analysts have weighed in on the stock. Citigroup lifted their price target on shares of Inchcape from GBX 1,115 to GBX 1,330 and gave the stock a “buy” rating in a research note on Thursday, March 5th. Berenberg Bank restated a “buy” rating and issued a GBX 1,170 price objective on shares of Inchcape in a research note on Thursday, April 30th. 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. Finally, Jefferies Financial Group reissued a “buy” rating and issued a GBX 1,050 target price on shares of Inchcape in a research note on Thursday, April 30th.

Insider Buying and Selling at Inchcape

In other 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. Corporate insiders own 9.43% of the company’s stock.

Inchcape Price Performance

Shares of INCH stock opened at GBX 820.40 on Thursday. 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 £2.92 billion, a P/E ratio of 11.46, a P/E/G ratio of 2.06 and a beta of 0.97. The stock has a 50 day moving average of GBX 807.77 and a two-hundred day moving average of GBX 790.15. The company has a current ratio of 1.07, a quick ratio of 0.51 and a debt-to-equity ratio of 100.56.

Inchcape (LON:INCH) last released its quarterly earnings data on Tuesday, March 3rd. The company reported GBX 80.80 earnings per share (EPS) for the quarter. Inchcape had a return on equity of 23.83% and a net margin of 2.99%. As a group, equities analysts expect that Inchcape will post 85.9639233 EPS for the current year.

Inchcape declared that its Board of Directors has approved a share repurchase program on Tuesday, March 3rd that allows the company to buyback 0 shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

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.