Inchcape (LON:INCH) Hits New 1-Year High at $873.00

Inchcape plc (LON:INCH)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as GBX 873 ($11.23) and last traded at GBX 864 ($11.11), with a volume of 917352 shares. The stock had previously closed at GBX 843 ($10.84).

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Berenberg Bank reiterated a “buy” rating and issued a GBX 1,040 ($13.38) target price on shares of Inchcape in a report on Thursday, April 25th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 1,100 ($14.15) target price on shares of Inchcape in a research report on Tuesday, June 18th.

Inchcape Trading Down 2.7 %

The stock has a market capitalization of £3.43 billion, a P/E ratio of 1,281.54, a price-to-earnings-growth ratio of 2.06 and a beta of 1.19. The company has a current ratio of 1.06, a quick ratio of 0.51 and a debt-to-equity ratio of 222.65. The company has a 50-day moving average price of GBX 798.84 and a 200 day moving average price of GBX 740.89.

Inchcape Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, September 6th. Stockholders of record on Thursday, August 8th will be given a GBX 11.30 ($0.15) dividend. This represents a dividend yield of 1.34%. The ex-dividend date is Thursday, August 8th. Inchcape’s payout ratio is 5,230.77%.

Insider Transactions at Inchcape

In related news, insider Adrian Lewis sold 6,542 shares of the business’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of GBX 768 ($9.88), for a total transaction of £50,242.56 ($64,628.97). In other news, insider Alison Platt purchased 12,143 shares of the company’s stock in a transaction on Thursday, May 30th. The shares were acquired at an average price of GBX 823 ($10.59) per share, for a total transaction of £99,936.89 ($128,552.73). Also, insider Adrian Lewis sold 6,542 shares of the business’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of GBX 768 ($9.88), for a total value of £50,242.56 ($64,628.97). Corporate insiders own 14.56% of the company’s stock.

About Inchcape

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.