Inchcape plc (LON:INCH) had its price objective boosted by Deutsche Bank AG from GBX 920 ($11.92) to GBX 925 ($11.98) in a note issued to investors on Monday. The brokerage currently has a “buy” rating on the stock. Deutsche Bank AG’s target price suggests a potential upside of 22.11% from the stock’s previous close.
Several other brokerages also recently issued reports on INCH. HSBC Holdings plc reaffirmed a “buy” rating and set a GBX 1,030 ($13.34) price target on shares of Inchcape plc in a report on Friday, June 30th. BNP Paribas raised Inchcape plc to an “outperform” rating and raised their price target for the company from GBX 735 ($9.52) to GBX 1,050 ($13.60) in a report on Monday, March 27th. Finally, Canaccord Genuity raised their price target on Inchcape plc from GBX 695 ($9.00) to GBX 738 ($9.56) and gave the company a “hold” rating in a report on Tuesday, March 14th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of GBX 875.33 ($11.34).
Inchcape plc (LON INCH) opened at 773.00 on Monday. Inchcape plc has a 1-year low of GBX 587.00 and a 1-year high of GBX 861.00. The company’s 50-day moving average is GBX 809.41 and its 200 day moving average is GBX 775.74. The firm’s market capitalization is GBX 3.25 billion.
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In other news, insider Stefan Bomhard sold 34,579 shares of Inchcape plc stock in a transaction on Wednesday, June 21st. The stock was sold at an average price of GBX 777 ($10.06), for a total transaction of £268,678.83 ($348,029.57). Also, insider Till Vestring sold 25,000 shares of Inchcape plc stock in a transaction on Friday, May 26th. The stock was sold at an average price of GBX 845 ($10.95), for a total value of £211,250 ($273,639.90).
About Inchcape plc
Inchcape plc is a United Kingdom-based automotive distributor and retailer. The Company operates in approximately 30 markets. The Company’s segments include Distribution, Retail and Central. The Distribution segment includes regions, such as Australasia, the United Kingdom and Europe, Asia, and Emerging Markets.
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