Inchcape plc (LON:INCH) insider Till Vestring purchased 445 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was acquired at an average cost of GBX 656 ($8.57) per share, with a total value of £2,919.20 ($3,814.45).
Shares of INCH stock opened at GBX 650.50 ($8.50) on Tuesday. The company has a quick ratio of 0.41, a current ratio of 1.13 and a debt-to-equity ratio of 182.40. Inchcape plc has a 52 week low of GBX 516 ($6.74) and a 52 week high of GBX 681 ($8.90). The stock has a market capitalization of $2.61 billion and a PE ratio of 50.43. The firm has a 50 day moving average of GBX 646.55 and a two-hundred day moving average of GBX 613.18.
Several brokerages have commented on INCH. JPMorgan Chase & Co. decreased their price target on shares of Inchcape from GBX 630 ($8.23) to GBX 590 ($7.71) and set a “neutral” rating for the company in a research report on Friday, November 8th. HSBC decreased their price target on shares of Inchcape from GBX 715 ($9.34) to GBX 690 ($9.02) and set a “buy” rating for the company in a research report on Tuesday, November 5th. Barclays raised their price target on shares of Inchcape from GBX 700 ($9.15) to GBX 855 ($11.17) and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a GBX 845 ($11.04) price target on shares of Inchcape in a research report on Friday, November 1st. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of GBX 706.67 ($9.23).
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.
Further Reading: Oversold
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