Inchcape plc (LON:INCH) insider Duncan Tait purchased 43,553 shares of the stock in a transaction dated Friday, June 26th. The stock was acquired at an average cost of GBX 489 ($6.22) per share, for a total transaction of £212,974.17 ($271,062.96).
Shares of LON INCH traded down GBX 1.20 ($0.02) during mid-day trading on Monday, hitting GBX 488.80 ($6.22). The company had a trading volume of 657,564 shares, compared to its average volume of 1,390,000. Inchcape plc has a 12 month low of GBX 405.20 ($5.16) and a 12 month high of GBX 725 ($9.23). The firm has a market cap of $1.92 billion and a P/E ratio of 6.23. The business’s 50-day simple moving average is GBX 495.22 and its 200-day simple moving average is GBX 572.68. The company has a debt-to-equity ratio of 157.15, a current ratio of 1.15 and a quick ratio of 0.36.
A number of analysts have issued reports on INCH shares. Peel Hunt initiated coverage on Inchcape in a report on Friday, June 19th. They issued an “add” rating and a GBX 600 ($7.64) target price on the stock. Jefferies Financial Group reduced their price objective on Inchcape from GBX 790 ($10.05) to GBX 640 ($8.15) and set a “buy” rating for the company in a research report on Monday, June 1st. Finally, Barclays lowered their price objective on shares of Inchcape from GBX 845 ($10.75) to GBX 800 ($10.18) and set an “overweight” rating on the stock in a research note on Friday, May 29th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of GBX 659 ($8.39).
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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