Inchcape (LON:INCH) Earns “Buy” Rating from Berenberg Bank

Inchcape (LON:INCH)‘s stock had its “buy” rating reiterated by analysts at Berenberg Bank in a research report issued on Tuesday,Digital Look reports. They presently have a GBX 1,170 target price on the stock. Berenberg Bank’s target price would indicate a potential upside of 46.25% from the stock’s previous close.

Separately, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,050 price target on shares of Inchcape in a research report on Thursday, April 30th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,060.

Inchcape Stock Performance

Shares of INCH stock opened at GBX 800 on Tuesday. The firm has a market cap of £2.80 billion, a price-to-earnings ratio of 11.17, a PEG ratio of 2.06 and a beta of 0.97. Inchcape has a 1 year low of GBX 640.50 and a 1 year high of GBX 895. The stock’s 50-day moving average is GBX 807.25 and its two-hundred day moving average is GBX 810.87. The company has a debt-to-equity ratio of 100.56, a quick ratio of 0.51 and a current ratio of 1.07.

Insider Activity

In other news, insider Adrian Lewis sold 45,674 shares of the business’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 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.