Inchcape plc (LON:INCH) Stock Has Consensus Target Price of GBX 1,057.40

Inchcape plc (LON:INCH) has received an average rating of “Moderate Buy” from the six analysts that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is GBX 1,057.40.

INCH has been the subject of several recent research reports. Jefferies Financial Group reissued a “buy” rating and set a GBX 1,050 price objective on shares of Inchcape in a report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Inchcape from GBX 830 to GBX 870 and gave the stock a “hold” rating in a research report on Wednesday, July 29th. Citigroup boosted their price target on shares of Inchcape from GBX 1,274 to GBX 1,277 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,170 price objective on shares of Inchcape in a research note on Tuesday, July 28th.

Insider Activity

In related news, insider Tracy Clarke purchased 3,029 shares of Inchcape stock in a transaction dated Tuesday, July 28th. The shares were acquired at an average cost of GBX 819 per share, for a total transaction of £24,807.51. 9.43% of the stock is owned by corporate insiders.

Inchcape Stock Down 1.5%

LON:INCH opened at GBX 746.50 on Friday. The company has a market cap of £2.58 billion, a price-to-earnings ratio of 11.77, a P/E/G ratio of 2.06 and a beta of 0.97. The company has a debt-to-equity ratio of 125.11, a quick ratio of 0.51 and a current ratio of 1.03. The stock’s fifty day moving average price is GBX 823.01 and its two-hundred day moving average price is GBX 810.32. Inchcape has a 52-week low of GBX 678 and a 52-week high of GBX 895.

Inchcape (LON:INCH) last released its earnings results on Tuesday, July 28th. The company reported GBX 35.50 earnings per share for the quarter. Inchcape had a return on equity of 19.59% and a net margin of 2.44%. On average, analysts anticipate that Inchcape will post 85.9639233 EPS for the current year.

Inchcape declared that its board has authorized a share buyback plan on Tuesday, July 28th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

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.