Byron Elmer Grote Buys 6,000 Shares of Inchcape plc (LON:INCH) Stock

Inchcape plc (LON:INCH) insider Byron Elmer Grote bought 6,000 shares of the company’s stock in a transaction that occurred on Friday, October 25th. The shares were bought at an average cost of GBX 725 ($9.41) per share, for a total transaction of £43,500 ($56,478.84).

Inchcape Trading Up 1.2 %

Shares of Inchcape stock opened at GBX 731 ($9.49) on Friday. The firm has a 50-day simple moving average of GBX 804.08 and a two-hundred day simple moving average of GBX 794.32. The company has a debt-to-equity ratio of 198.14, a quick ratio of 0.51 and a current ratio of 1.10. Inchcape plc has a fifty-two week low of GBX 597.50 ($7.76) and a fifty-two week high of GBX 874 ($11.35). The company has a market cap of £2.95 billion, a P/E ratio of 1,091.04, a price-to-earnings-growth ratio of 2.06 and a beta of 1.19.

Inchcape Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, September 6th. Investors of record on Thursday, August 8th were issued a GBX 11.30 ($0.15) dividend. The ex-dividend date was Thursday, August 8th. This represents a yield of 1.34%. Inchcape’s payout ratio is 5,373.13%.

Wall Street Analyst Weigh In

Separately, Berenberg Bank upped their price objective on Inchcape from GBX 1,040 ($13.50) to GBX 1,120 ($14.54) and gave the stock a “buy” rating in a research report on Thursday, August 8th.

Inchcape Company Profile

Inchcape plc operates as an automotive distributor and retailer. It engages in the distribution, sales, and marketing of new and used cars, and parts. The company also provides aftersales service and body shop repairs; and finance and insurance products and services, as well as product planning, logistics, brand and marketing, channel management, and retail services.