Key Points
- Adrian Lewis, an Inchcape insider, sold 45,674 shares on May 5 at GBX 830, a transaction totaling £379,094.20 (he also sold 398 shares on April 9 at GBX 789).
- Analysts are generally positive: five Buy and one Hold give a consensus rating of Moderate Buy with an average price target of GBX 1,060 (individual targets range up to GBX 1,330).
- Inchcape has a market cap of £2.97 billion and a PE of 11.65, reported quarterly EPS of GBX 80.80, and its board has initiated a share repurchase program.
Inchcape plc (LON:INCH - Get Free Report) insider Adrian Lewis sold 45,674 shares of the firm's stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of GBX 830, for a total transaction of £379,094.20.
Adrian Lewis also recently made the following trade(s):
- On Thursday, April 9th, Adrian Lewis sold 398 shares of Inchcape stock. The shares were sold at an average price of GBX 789, for a total transaction of £3,140.22.
Inchcape Stock Performance
Shares of LON INCH opened at GBX 834.44 on Wednesday. The company has a quick ratio of 0.51, a current ratio of 1.07 and a debt-to-equity ratio of 100.56. The company has a market cap of £2.97 billion, a PE ratio of 11.65, a PEG ratio of 2.06 and a beta of 0.95. The firm's 50-day moving average price is GBX 808.34 and its 200-day moving average price is GBX 789.14. Inchcape plc has a 52-week low of GBX 640.50 and a 52-week high of GBX 895.
Inchcape (LON:INCH - Get Free Report) last posted its quarterly earnings data on Tuesday, March 3rd. The company reported GBX 80.80 earnings per share (EPS) for the quarter. Inchcape had a net margin of 2.99% and a return on equity of 23.83%. As a group, analysts anticipate that Inchcape plc will post 85.9639233 EPS for the current year.
Inchcape declared that its board has initiated a share repurchase program on Tuesday, March 3rd that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company's management believes its stock is undervalued.
Wall Street Analyst Weigh In
INCH has been the topic of a number of research reports. Jefferies Financial Group reissued a "buy" rating and issued a GBX 1,050 price objective on shares of Inchcape in a report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Inchcape from GBX 800 to GBX 830 and gave the stock a "buy" rating in a report on Wednesday, March 4th. Citigroup raised their price objective on shares of Inchcape from GBX 1,115 to GBX 1,330 and gave the stock a "buy" rating in a report on Thursday, March 5th. Finally, Berenberg Bank reissued a "buy" rating and issued a GBX 1,170 price objective on shares of Inchcape in a report on Thursday, April 30th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of GBX 1,060.
Read Our Latest Report on INCH
Inchcape Company Profile
(
Get Free Report)
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. Our distribution platform connects the products of mobility company partners with customers, and our responsibilities span product planning and pricing, import and logistics, brand and marketing to operating digital sales, managing physical sales and aftermarket service channels.
Further Reading
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