Insider Buying: Inchcape plc (INCH) Insider Purchases 279 Shares of Stock

Inchcape plc (LON:INCH) insider John Langston acquired 279 shares of Inchcape stock in a transaction on Wednesday, August 1st. The shares were purchased at an average price of GBX 705 ($9.26) per share, for a total transaction of £1,966.95 ($2,584.35).

John Langston also recently made the following trade(s):

  • On Friday, June 1st, John Langston acquired 267 shares of Inchcape stock. The shares were purchased at an average price of GBX 737 ($9.68) per share, for a total transaction of £1,967.79 ($2,585.46).

Inchcape opened at GBX 695.60 ($9.14) on Friday, MarketBeat Ratings reports. Inchcape plc has a 12 month low of GBX 660.50 ($8.68) and a 12 month high of GBX 885 ($11.63).

The business also recently announced a dividend, which will be paid on Wednesday, September 5th. Stockholders of record on Thursday, August 2nd will be issued a GBX 8.90 ($0.12) dividend. The ex-dividend date is Thursday, August 2nd. This represents a dividend yield of 1.12%.

A number of equities research analysts have issued reports on INCH shares. HSBC reiterated a “buy” rating and set a GBX 900 ($11.82) price objective on shares of Inchcape in a research note on Monday, April 23rd. BNP Paribas upgraded shares of Inchcape to an “outperform” rating and reduced their price objective for the stock from GBX 1,050 ($13.80) to GBX 950 ($12.48) in a research note on Thursday, April 5th. Deutsche Bank increased their price objective on shares of Inchcape from GBX 900 ($11.82) to GBX 905 ($11.89) and gave the stock a “buy” rating in a research note on Friday, May 25th. Deutsche Bank reiterated a “buy” rating on shares of Inchcape in a research note on Thursday, June 7th. Finally, Barclays increased their price objective on shares of Inchcape from GBX 690 ($9.07) to GBX 700 ($9.20) and gave the stock an “underweight” rating in a research note on Monday, June 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. Inchcape presently has a consensus rating of “Buy” and a consensus price target of GBX 854.75 ($11.23).

About Inchcape

Inchcape plc operates as an automotive distributor and retailer in the premium and luxury automotive sectors. The company sells and retails new and used cars of various brands. It also provides after sales servicing and parts; and vehicle finance and insurance products and services. The company operates in Asia, Australasia, the United Kingdom, Europe, Africa, South America, and Russia.

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