Deutsche Bank AG Raises Inchcape plc (INCH) Price Target to GBX 920

Inchcape plc (LON:INCH) had its price objective boosted by stock analysts at Deutsche Bank AG from GBX 860 ($10.88) to GBX 920 ($11.64) in a note issued to investors on Monday, May 15th. The firm presently has a “buy” rating on the stock. Deutsche Bank AG’s target price suggests a potential upside of 17.50% from the stock’s previous close.

Several other analysts also recently commented on the stock. HSBC Holdings plc reissued a “buy” rating and set a GBX 940 ($11.89) price objective on shares of Inchcape plc in a research report on Monday, April 24th. BNP Paribas upgraded shares of Inchcape plc to an “outperform” rating and upped their target price for the company from GBX 735 ($9.30) to GBX 1,050 ($13.28) in a research note on Monday, March 27th. Canaccord Genuity increased their price objective on shares of Inchcape plc from GBX 695 ($8.79) to GBX 738 ($9.34) and gave the stock a “hold” rating in a research note on Tuesday, March 14th. J P Morgan Chase & Co reiterated an “overweight” rating and issued a GBX 900 ($11.39) price objective on shares of Inchcape plc in a research note on Wednesday, March 8th. Finally, Citigroup Inc. reiterated a “buy” rating and issued a GBX 870 ($11.01) price objective on shares of Inchcape plc in a research note on Tuesday, March 7th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Inchcape plc currently has an average rating of “Buy” and an average price target of GBX 874.78 ($11.07).

Analyst Recommendations for Inchcape plc (LON:INCH)

Shares of Inchcape plc (INCH) traded up 1.29% during trading on Monday, hitting GBX 783.00. 1,967,790 shares of the stock traded hands. The firm’s market capitalization is GBX 3.29 billion. The firm has a 50-day moving average of GBX 828.68 and a 200-day moving average of GBX 764.37. Inchcape plc has a 1-year low of GBX 574.00 and a 1-year high of GBX 861.00.

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In other news, insider Till Vestring sold 25,000 shares of Inchcape plc stock in a transaction on Friday, May 26th. The stock was sold at an average price of GBX 845 ($10.69), for a total transaction of £211,250 ($267,235.93). Also, insider Stefan Bomhard sold 33,472 shares of Inchcape plc stock in a transaction dated Monday, March 27th. The shares were sold at an average price of GBX 839 ($10.61), for a total value of £280,830.08 ($355,256.27).

Inchcape plc Company Profile

Inchcape plc is a United Kingdom-based automotive distributor and retailer. The Company operates in approximately 30 markets. The Company’s segments include Distribution, Retail and Central. The Distribution segment includes regions, such as Australasia, the United Kingdom and Europe, Asia, and Emerging Markets.

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