Inchcape (LON:INCH) Stock Rating Lowered by JPMorgan Chase & Co.

JPMorgan Chase & Co. cut shares of Inchcape (LON:INCH) to a neutral rating in a report published on Monday morning, Digital Look reports. JPMorgan Chase & Co. currently has GBX 627 ($8.19) price objective on the stock, down from their previous price objective of GBX 803 ($10.49).

Several other equities research analysts also recently issued reports on INCH. Numis Securities reaffirmed a buy rating on shares of 3i Group in a report on Thursday, May 16th. Jefferies Financial Group cut their price target on CommVault Systems to $65.00 and set a buy rating for the company in a report on Tuesday, April 30th. They noted that the move was a valuation call. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Inchcape presently has an average rating of Buy and an average price target of GBX 687 ($8.98).

Shares of Inchcape stock opened at GBX 592 ($7.74) on Monday. The firm’s fifty day simple moving average is GBX 606.97. Inchcape has a 1 year low of GBX 482.20 ($6.30) and a 1 year high of GBX 826 ($10.79). The firm has a market cap of $2.44 billion and a P/E ratio of 51.48. The company has a quick ratio of 0.36, a current ratio of 1.07 and a debt-to-equity ratio of 158.95.

In other news, insider Richard Howes sold 52,193 shares of Inchcape stock in a transaction on Friday, April 26th. The stock was sold at an average price of GBX 616 ($8.05), for a total transaction of £321,508.88 ($420,108.30).

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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