Inchcape’s (INCH) Buy Rating Reiterated at HSBC

Inchcape (LON:INCH)‘s stock had its “buy” rating reaffirmed by equities research analysts at HSBC in a research report issued on Thursday, ThisIsMoney.Co.Uk reports.

INCH has been the subject of a number of other research reports. Barclays increased 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 note on Wednesday, October 30th. JPMorgan Chase & Co. decreased their price objective 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. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 845 ($11.04) price objective on shares of Inchcape in a research note on Friday, November 1st. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of GBX 706.67 ($9.23).

Shares of INCH opened at GBX 681 ($8.90) on Thursday. The company has a market cap of $2.73 billion and a price-to-earnings ratio of 52.79. Inchcape has a 1-year low of GBX 516 ($6.74) and a 1-year high of GBX 681 ($8.90). The company’s fifty day simple moving average is GBX 648.66 and its 200 day simple moving average is GBX 614.51. The company has a current ratio of 1.13, a quick ratio of 0.41 and a debt-to-equity ratio of 182.40.

In other Inchcape news, insider Till Vestring acquired 445 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was bought at an average cost of GBX 656 ($8.57) per share, with a total value of £2,919.20 ($3,814.45).

Inchcape Company Profile

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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Analyst Recommendations for Inchcape (LON:INCH)

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