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

Inchcape (LON:INCH)‘s stock had its “buy” rating reissued by investment analysts at Berenberg Bank in a research report issued on Thursday,Digital Look reports. They presently have a GBX 1,120 ($15.30) price objective on the stock. Berenberg Bank’s price target would indicate a potential upside of 55.02% from the stock’s previous close.

Separately, Citigroup dropped their price target on shares of Inchcape from GBX 1,194 ($16.31) to GBX 1,163 ($15.89) and set a “buy” rating on the stock in a research report on Tuesday, April 29th.

Inchcape Price Performance

Shares of INCH opened at GBX 722.50 ($9.87) on Thursday. Inchcape has a 1 year low of GBX 575 ($7.86) and a 1 year high of GBX 874 ($11.94). The company has a debt-to-equity ratio of 206.10, a current ratio of 1.10 and a quick ratio of 0.51. The company has a market capitalization of £2.84 billion, a price-to-earnings ratio of 11.54, a price-to-earnings-growth ratio of 2.06 and a beta of 1.19. The business has a 50-day moving average of GBX 681.06 and a 200-day moving average of GBX 699.17.

Insider Activity at Inchcape

In related news, insider Adrian Lewis acquired 150 shares of the stock in a transaction dated Monday, June 16th. The stock was bought at an average price of GBX 684 ($9.35) per share, for a total transaction of £1,026 ($1,401.83). 14.84% of the stock is owned by corporate insiders.

Inchcape Company Profile

Inchcape is the leading global automotive distributor, with operations across six continents. By combining our in-market expertise with our unique technology and advanced data analytics, we create innovative customer experiences that deliver outstanding performance for our partners – building stronger automotive brands and creating sustainable growth.