Key Points
- Insider Byron Elmer Grote bought 5,000 shares of Inchcape on December 8 at an average price of GBX 758 per share for a total of £37,900.
- Analysts show a consensus "Moderate Buy" (three Buy, two Hold) with an average price target of GBX 988.75; Citi and Berenberg have raised targets above GBX 1,100 while UBS sits at GBX 920 and JPMorgan is neutral.
- Inchcape trades around GBX 756.54, with a 52-week range of GBX 575–819, a market cap of £2.73 billion and a P/E of 7.21, indicating a relatively low valuation versus its recent targets.
Inchcape plc (LON:INCH - Get Free Report) insider Byron Elmer Grote acquired 5,000 shares of the business's stock in a transaction that occurred on Monday, December 8th. The stock was purchased at an average price of GBX 758 per share, for a total transaction of £37,900.
Inchcape Price Performance
LON INCH opened at GBX 756.54 on Thursday. The company has a 50-day moving average price of GBX 743.66 and a two-hundred day moving average price of GBX 715.13. Inchcape plc has a 52 week low of GBX 575 and a 52 week high of GBX 819. The stock has a market cap of £2.73 billion, a price-to-earnings ratio of 7.21, a price-to-earnings-growth ratio of 2.06 and a beta of 1.19. The company has a current ratio of 1.10, a quick ratio of 0.51 and a debt-to-equity ratio of 206.10.
Analysts Set New Price Targets
Several research firms recently commented on INCH. Citigroup lifted their target price on Inchcape from GBX 1,101 to GBX 1,115 and gave the company a "buy" rating in a research note on Monday, October 20th. UBS Group restated a "buy" rating and set a GBX 920 price objective on shares of Inchcape in a research note on Friday, October 17th. JPMorgan Chase & Co. reaffirmed a "neutral" rating on shares of Inchcape in a report on Thursday, October 16th. Finally, Berenberg Bank reiterated a "buy" rating and issued a GBX 1,120 target price on shares of Inchcape in a research report on Thursday, October 23rd. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of GBX 988.75.
Get Our Latest Stock Analysis on Inchcape
About Inchcape
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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.
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