Inchcape (LON:INCH) Reaches New 52-Week High – Here’s Why

Shares of Inchcape plc (LON:INCHGet Free Report) hit a new 52-week high during trading on Wednesday . The company traded as high as GBX 884 and last traded at GBX 882.88, with a volume of 986570 shares traded. The stock had previously closed at GBX 837.

Analyst Ratings Changes

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,120 target price on shares of Inchcape in a research report on Thursday, October 23rd. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 988.75.

Get Our Latest Analysis on INCH

Inchcape Stock Performance

The firm’s 50 day moving average is GBX 801.53 and its 200 day moving average is GBX 742.55. The company has a debt-to-equity ratio of 206.10, a quick ratio of 0.51 and a current ratio of 1.10. The stock has a market cap of £3.19 billion, a P/E ratio of 8.46, a price-to-earnings-growth ratio of 2.06 and a beta of 1.19.

Insider Buying and Selling at Inchcape

In related news, insider Byron Elmer Grote acquired 5,000 shares of the business’s stock in a transaction dated Monday, December 8th. The shares were purchased at an average price of GBX 758 per share, for a total transaction of £37,900. Insiders own 9.43% of the company’s stock.

About Inchcape

(Get Free Report)

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.

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