Inchcape (LON:INCH) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Inchcape plc (LON:INCH) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 705.81 and traded as high as GBX 751. Inchcape shares last traded at GBX 748.50, with a volume of 32,613,684 shares trading hands.

Wall Street Analyst Weigh In

INCH has been the subject of several recent analyst reports. UBS Group reissued a “buy” rating and set a GBX 920 price objective on shares of Inchcape in a report on Friday, October 17th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Inchcape in a research report on Thursday, October 16th. Berenberg Bank reissued a “buy” rating and set a GBX 1,120 price target on shares of Inchcape in a research report on Thursday, October 23rd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 800 price objective on shares of Inchcape in a report on Wednesday, July 30th. Finally, Citigroup increased their target price on shares of Inchcape from GBX 1,101 to GBX 1,115 and gave the stock a “buy” rating in a report 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, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 988.75.

Inchcape Stock Performance

The firm has a market cap of £2.72 billion, a price-to-earnings ratio of 7.13, a PEG ratio of 2.06 and a beta of 1.19. The stock’s fifty day moving average is GBX 715.04 and its two-hundred day moving average is GBX 706.11. The company has a debt-to-equity ratio of 206.10, a quick ratio of 0.51 and a current ratio of 1.10.

Insider Buying and Selling at Inchcape

In other Inchcape news, insider Adrian Lewis acquired 2,814 shares of Inchcape stock in a transaction dated Tuesday, September 9th. The stock was acquired at an average cost of GBX 665 per share, for a total transaction of £18,713.10. Company insiders own 9.32% 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.