Inchcape (LON:INCH) Reaches New 52-Week High – Should You Buy?

Inchcape plc (LON:INCH) hit a new 52-week high on Friday . The company traded as high as GBX 820.50 and last traded at GBX 801.50, with a volume of 67324 shares. The stock had previously closed at GBX 793.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on INCH. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Inchcape in a research report on Thursday, October 16th. UBS Group reaffirmed a “buy” rating and issued a GBX 920 target price on shares of Inchcape in a research note on Friday, October 17th. Berenberg Bank reiterated a “buy” rating and set a GBX 1,120 target price on shares of Inchcape in a research report on Thursday, October 23rd. Finally, Citigroup boosted their price target on shares of Inchcape from GBX 1,101 to GBX 1,115 and gave the stock a “buy” rating in a research note on Monday, October 20th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 988.75.

Inchcape Trading Up 0.4%

The stock has a fifty day moving average of GBX 767.31 and a two-hundred day moving average of GBX 731.74. The company has a market capitalization of £2.90 billion, a PE ratio of 7.66, a PEG ratio of 2.06 and a beta of 1.19. The company has a current ratio of 1.10, a quick ratio of 0.51 and a debt-to-equity ratio of 206.10.

Insider Activity at Inchcape

In other Inchcape news, insider Byron Elmer Grote purchased 5,000 shares of the firm’s stock in a transaction on Monday, December 8th. The shares were purchased at an average cost of GBX 758 per share, with a total value of £37,900. Company insiders own 9.39% 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.