JPMorgan Chase & Co. cut shares of INCHCAPE PLC/S (OTCMKTS:INCPY) from an overweight rating to a neutral rating in a report published on Monday morning, The Fly reports. JPMorgan Chase & Co. currently has $6.00 price objective on the stock.
Separately, Jefferies Financial Group cut their target price on shares of CommVault Systems to $65.00 and set a buy rating on the stock in a report on Tuesday, April 30th. They noted that the move was a valuation call.
Shares of INCHCAPE PLC/S stock opened at $8.17 on Monday. INCHCAPE PLC/S has a 52-week low of $6.05 and a 52-week high of $10.87. The business has a 50 day moving average price of $7.53.
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.
Further Reading: Understanding Analyst Recommendations
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