Berenberg Bank Reiterates Buy Rating for Inchcape (LON:INCH)

Inchcape (LON:INCH)‘s stock had its “buy” rating restated by equities researchers at Berenberg Bank in a research note issued to investors on Tuesday, Marketbeat.com reports. They currently have a GBX 1,040 ($12.95) price objective on the stock. Berenberg Bank’s target price points to a potential upside of 42.37% from the stock’s current price.

Separately, JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 1,050 ($13.07) price objective on shares of Inchcape in a report on Thursday, April 4th.

Inchcape Trading Up 1.3 %

Shares of INCH opened at GBX 730.50 ($9.09) on Tuesday. The company has a current ratio of 1.06, a quick ratio of 0.51 and a debt-to-equity ratio of 106.79. Inchcape has a 12-month low of GBX 597.50 ($7.44) and a 12-month high of GBX 1,086.62 ($13.53). The firm has a 50-day moving average price of GBX 682.13 and a 200 day moving average price of GBX 683.25. The firm has a market capitalization of £3.02 billion, a P/E ratio of 1,123.85, a P/E/G ratio of 2.06 and a beta of 1.22.

Insiders Place Their Bets

In related news, insider Duncan Tait bought 9,590 shares of the stock in a transaction on Tuesday, March 5th. The stock was bought at an average price of GBX 622 ($7.74) per share, with a total value of £59,649.80 ($74,255.94). In related news, insider Byron Elmer Grote bought 7,000 shares of the stock in a transaction on Tuesday, March 12th. The stock was bought at an average price of GBX 637 ($7.93) per share, with a total value of £44,590 ($55,508.53). Also, insider Duncan Tait bought 9,590 shares of the stock in a transaction on Tuesday, March 5th. The shares were bought at an average cost of GBX 622 ($7.74) per share, with a total value of £59,649.80 ($74,255.94). 11.43% of the stock is currently owned by insiders.

Inchcape Company Profile

Inchcape plc operates as an automotive distributor and retailer. It engages in the distribution, sales, and marketing of new and used cars, and parts. The company also provides aftersales service and body shop repairs; and finance and insurance products and services. It operates in the Asia Pacific, the United Kingdom, rest of Europe, the Americas, and Africa.