Inchcape (LON:INCH) Shares Down 13.3% – What’s Next?

Inchcape plc (LON:INCH)’s share price fell 13.3% on Thursday . The company traded as low as GBX 624.50 ($7.80) and last traded at GBX 652 ($8.14). 12,121,266 shares traded hands during mid-day trading, an increase of 240% from the average session volume of 3,566,330 shares. The stock had previously closed at GBX 752 ($9.39).

Analyst Ratings Changes

Several research analysts have issued reports on the company. JPMorgan Chase & Co. cut Inchcape to a “neutral” rating in a research report on Thursday. Berenberg Bank restated a “buy” rating and set a GBX 1,120 ($13.98) target price on shares of Inchcape in a research report on Friday, October 25th. Finally, Citigroup reiterated a “buy” rating on shares of Inchcape in a research report on Tuesday, January 7th.

Inchcape Stock Performance

The company has a current ratio of 1.10, a quick ratio of 0.51 and a debt-to-equity ratio of 198.14. The stock has a market capitalization of £2.63 billion, a price-to-earnings ratio of 972.09, a PEG ratio of 2.06 and a beta of 1.19. The stock’s 50 day moving average is GBX 759.18 and its 200 day moving average is GBX 786.40.

Insider Activity

In related news, insider Byron Elmer Grote acquired 4,000 shares of Inchcape stock in a transaction dated Tuesday, October 29th. The shares were acquired at an average cost of GBX 730 ($9.11) per share, for a total transaction of £29,200 ($36,458.98). Company insiders own 14.84% 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.