Adrian Lewis Sells 45,674 Shares of Inchcape (LON:INCH) Stock

Inchcape plc (LON:INCH) insider Adrian Lewis sold 45,674 shares of Inchcape stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of GBX 830, for a total value of £379,094.20.

Adrian Lewis also recently made the following trade(s):

• On Thursday, April 9th, Adrian Lewis sold 398 shares of Inchcape stock. The shares were sold at an average price of GBX 789, for a total value of £3,140.22.

Inchcape Stock Performance

Inchcape stock traded down GBX 4.27 during midday trading on Tuesday, hitting GBX 825.73. 498,075 shares of the company were exchanged, compared to its average volume of 7,338,596. The firm has a market capitalization of £2.93 billion, a PE ratio of 11.53, a price-to-earnings-growth ratio of 2.06 and a beta of 0.95. Inchcape plc has a fifty-two week low of GBX 640.50 and a fifty-two week high of GBX 895. The business has a fifty day simple moving average of GBX 809.41 and a two-hundred day simple moving average of GBX 788.18. The company has a debt-to-equity ratio of 100.56, a quick ratio of 0.51 and a current ratio of 1.07.

Inchcape (LON:INCH) last released its quarterly earnings data on Tuesday, March 3rd. The company reported GBX 80.80 EPS for the quarter. Inchcape had a return on equity of 23.83% and a net margin of 2.99%. On average, sell-side analysts forecast that Inchcape plc will post 85.9639233 earnings per share for the current year.

Inchcape declared that its board has authorized a stock repurchase plan on Tuesday, March 3rd that permits the company to buyback 0 shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on INCH shares. Citigroup lifted their target price on shares of Inchcape from GBX 1,115 to GBX 1,330 and gave the company a “buy” rating in a report on Thursday, March 5th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 1,050 target price on shares of Inchcape in a report on Thursday, April 30th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,170 target price on shares of Inchcape in a report on Thursday, April 30th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Inchcape from GBX 800 to GBX 830 and gave the company a “buy” rating in a report on Wednesday, March 4th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Inchcape presently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,060.

About Inchcape

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.