Inchcape (LON:INCH) Given “Buy” Rating at UBS Group

UBS Group reiterated their buy rating on shares of Inchcape (LON:INCH) in a research note issued to investors on Friday morning, Marketbeat reports. UBS Group currently has a GBX 920 price target on the stock.

Several other brokerages have also recently commented on INCH. Berenberg Bank reiterated a “buy” rating and set a GBX 1,120 price target on shares of Inchcape in a research report on Tuesday, September 2nd. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Inchcape in a report on Thursday. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 800 price objective on shares of Inchcape in a research note on Wednesday, July 30th. Finally, Citigroup decreased their price objective on Inchcape from GBX 1,161 to GBX 1,101 and set a “buy” rating for the company in a research note on Wednesday, July 30th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 985.25.

Inchcape Stock Down 0.6%

LON INCH opened at GBX 696.50 on Friday. The stock has a fifty day moving average of GBX 681.06 and a 200-day moving average of GBX 694.40. The stock has a market capitalization of £2.55 billion, a P/E ratio of 663.33, a price-to-earnings-growth ratio of 2.06 and a beta of 1.19. Inchcape has a 52 week low of GBX 575 and a 52 week high of GBX 819. The company has a debt-to-equity ratio of 206.10, a quick ratio of 0.51 and a current ratio of 1.10.

Inchcape (LON:INCH) last announced its quarterly earnings data on Tuesday, July 29th. The company reported GBX 35.50 EPS for the quarter. Inchcape had a return on equity of 17.60% and a net margin of 2.45%. On average, equities research analysts forecast that Inchcape will post 85.9639233 EPS for the current year.

Insider Activity

In other Inchcape news, insider Byron Elmer Grote bought 5,000 shares of the firm’s stock in a transaction on Tuesday, July 29th. The stock was purchased at an average cost of GBX 725 per share, with a total value of £36,250. Also, insider Adrian Lewis sold 24,883 shares of the business’s stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of GBX 666, for a total value of £165,720.78. Insiders bought 15,718 shares of company stock valued at $11,565,470 in the last quarter. Company insiders own 9.26% of the company’s stock.

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.