Duncan Tait Purchases 43,553 Shares of Inchcape plc (LON:INCH) Stock

Inchcape plc (LON:INCH) insider Duncan Tait bought 43,553 shares of the firm’s stock in a transaction that occurred on Friday, June 26th. The shares were acquired at an average cost of GBX 489 ($6.02) per share, with a total value of £212,974.17 ($262,089.80).

LON INCH opened at GBX 487.40 ($6.00) on Wednesday. The company has a quick ratio of 0.36, a current ratio of 1.15 and a debt-to-equity ratio of 157.15. Inchcape plc has a 52 week low of GBX 405.20 ($4.99) and a 52 week high of GBX 725 ($8.92). The business has a 50 day moving average price of GBX 495.26 and a 200-day moving average price of GBX 570.75. The company has a market cap of $1.92 billion and a price-to-earnings ratio of 6.22.

INCH has been the topic of a number of research analyst reports. Barclays cut their price target on Inchcape from GBX 845 ($10.40) to GBX 800 ($9.84) and set an “overweight” rating on the stock in a report on Friday, May 29th. Peel Hunt began coverage on shares of Inchcape in a research note on Friday, June 19th. They set an “add” rating and a GBX 600 ($7.38) target price on the stock. Finally, Jefferies Financial Group decreased their price target on shares of Inchcape from GBX 790 ($9.72) to GBX 640 ($7.88) and set a “buy” rating for the company in a research note on Monday, June 1st. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 659 ($8.11).

About Inchcape

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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