Inchcape (LON:INCH) Stock Rating Reaffirmed as “Buy” by Jefferies Financial Group

Inchcape (LON:INCH)‘s stock had its “buy” rating restated by equities research analysts at Jefferies Financial Group in a note issued to investors on Thursday, Marketbeat reports. They currently have a GBX 1,050 target price on the stock. Jefferies Financial Group‘s price target would indicate a potential upside of 63.55% from the company’s current price.

A number of other brokerages also recently commented on INCH. Deutsche Bank Aktiengesellschaft raised their target price on shares of Inchcape from GBX 830 to GBX 870 and gave the company a “hold” rating in a research note on Wednesday, July 29th. Citigroup upped their price target on shares of Inchcape from GBX 1,274 to GBX 1,277 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Finally, Berenberg Bank lowered their price target on Inchcape from GBX 1,170 to GBX 970 and set a “buy” rating for the company in a report on Thursday, October 22nd. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,011.75.

Inchcape Price Performance

Shares of INCH traded down GBX 7.50 during trading hours on Thursday, reaching GBX 642. 1,733,440 shares of the company traded hands, compared to its average volume of 5,433,668. The company has a quick ratio of 0.51, a current ratio of 1.03 and a debt-to-equity ratio of 125.11. The stock has a market capitalization of £2.18 billion, a PE ratio of 10.13, a price-to-earnings-growth ratio of 2.06 and a beta of 0.97. Inchcape has a fifty-two week low of GBX 604.50 and a fifty-two week high of GBX 895. The stock has a fifty day simple moving average of GBX 766.35 and a 200 day simple moving average of GBX 801.68.

Inchcape (LON:INCH) last issued its quarterly earnings results on Tuesday, July 28th. The company reported GBX 35.50 earnings per share for the quarter. Inchcape had a return on equity of 19.59% and a net margin of 2.44%. As a group, research analysts predict that Inchcape will post 85.96 EPS for the current fiscal year.

Inchcape declared that its board has authorized a share repurchase plan on Tuesday, July 28th that permits the company to repurchase shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Share repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

About Inchcape

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.