Inchcape (LON:INCH) Shares Pass Above 200 Day Moving Average of $800.55

Inchcape plc (LON:INCH – Get Rating)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 800.55 ($9.89) and traded as high as GBX 921 ($11.37). Inchcape shares last traded at GBX 921 ($11.37), with a volume of 231,326 shares traded.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,035 ($12.78) price target on shares of Inchcape in a report on Friday, October 28th.

Inchcape Price Performance

The stock has a fifty day moving average of GBX 860.02 and a 200-day moving average of GBX 801.65. The company has a quick ratio of 0.51, a current ratio of 1.11 and a debt-to-equity ratio of 151.58. The stock has a market capitalization of £3.43 billion and a price-to-earnings ratio of 1,403.08.

Inchcape Company Profile

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