Peel Hunt Reiterates “Add” Rating for Inchcape (LON:INCH)

Peel Hunt reissued their add rating on shares of Inchcape (LON:INCH) in a research note released on Thursday, ThisIsMoney.Co.Uk reports.

A number of other analysts have also issued reports on INCH. Barclays dropped their price objective on shares of Inchcape from GBX 845 ($10.40) to GBX 800 ($9.84) and set an overweight rating on the stock in a research note on Friday, May 29th. Jefferies Financial Group dropped their price objective on shares of Inchcape from GBX 790 ($9.72) to GBX 640 ($7.88) and set a buy rating on the stock in a research note on Monday, June 1st. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of GBX 659 ($8.11).

INCH opened at GBX 429.20 ($5.28) on Thursday. The firm has a market capitalization of $1.69 billion and a P/E ratio of 5.47. The firm’s 50 day moving average is GBX 480.45 and its 200-day moving average is GBX 534.52. Inchcape has a 52-week low of GBX 4.79 ($0.06) and a 52-week high of GBX 725 ($8.92). The company has a quick ratio of 0.36, a current ratio of 1.15 and a debt-to-equity ratio of 157.15.

In related news, insider Till Vestring purchased 578 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was acquired at an average price of GBX 506 ($6.23) per share, for a total transaction of £2,924.68 ($3,599.16). Also, insider Duncan Tait purchased 43,553 shares of the company’s stock in a transaction that occurred on Friday, June 26th. The stock was bought at an average price of GBX 489 ($6.02) per share, with a total value of £212,974.17 ($262,089.80).

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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Analyst Recommendations for Inchcape (LON:INCH)

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