Inchcape (LON:INCH) Shares Pass Below Two Hundred Day Moving Average – Should You Sell?

Inchcape plc (LON:INCH) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 808.15 and traded as low as GBX 754.50. Inchcape shares last traded at GBX 771, with a volume of 44,929,879 shares trading hands.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on INCH shares. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 1,050 price objective on shares of Inchcape in a research report on Thursday, April 30th. Citigroup raised their price objective on shares of Inchcape from GBX 1,115 to GBX 1,330 and gave the company a “buy” rating in a research note on Thursday, March 5th. Berenberg Bank reissued a “buy” rating and set a GBX 1,170 target price on shares of Inchcape in a research note on Tuesday, June 23rd. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Inchcape from GBX 800 to GBX 830 and gave the stock a “buy” rating in a report on Wednesday, March 4th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Inchcape has an average rating of “Moderate Buy” and an average target price of GBX 1,060.

Inchcape Trading Down 0.6%

The company has a debt-to-equity ratio of 100.56, a quick ratio of 0.51 and a current ratio of 1.07. The company has a market cap of £2.72 billion, a price-to-earnings ratio of 10.78, a price-to-earnings-growth ratio of 2.06 and a beta of 0.97. The company’s 50 day moving average price is GBX 817.03 and its 200 day moving average price is GBX 808.22.

Insider Activity

In related news, insider Adrian Lewis sold 45,674 shares of the company’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of GBX 830, for a total transaction of £379,094.20. Corporate insiders own 13.29% 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. Our distribution platform connects the products of mobility company partners with customers, and our responsibilities span product planning and pricing, import and logistics, brand and marketing to operating digital sales, managing physical sales and aftermarket service channels.