Inchcape plc (LON:INCH) Receives Average Recommendation of “Buy” from Analysts
Shares of Inchcape plc (LON:INCH) have been assigned an average rating of “Buy” from the nine research firms that are presently covering the company. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is GBX 790.56 ($10.32).
Several research firms have weighed in on INCH. Berenberg Bank upgraded Inchcape plc to a “buy” rating and boosted their price target for the company from GBX 735 ($9.59) to GBX 760 ($9.92) in a research note on Friday, July 8th. Deutsche Bank AG upgraded Inchcape plc to a “buy” rating and boosted their price target for the company from GBX 825 ($10.77) to GBX 835 ($10.90) in a research note on Monday, July 4th. Citigroup Inc. restated a “buy” rating and issued a GBX 750 ($9.79) target price on shares of Inchcape plc in a research note on Monday, August 1st. Liberum Capital restated a “hold” rating and issued a GBX 680 ($8.88) target price on shares of Inchcape plc in a research note on Thursday, July 28th. Finally, BNP Paribas restated an “outperform” rating and issued a GBX 710 ($9.27) target price on shares of Inchcape plc in a research note on Monday, June 27th.
In other news, insider Stein,Nigel bought 233 shares of Inchcape plc stock in a transaction on Monday, August 1st. The stock was acquired at an average price of GBX 674 ($8.80) per share, with a total value of £1,570.42 ($2,049.89).
Shares of Inchcape plc (LON:INCH) traded up 0.23% during mid-day trading on Friday, reaching GBX 668.00. The company had a trading volume of 687,025 shares. The stock has a 50 day moving average of GBX 698.68 and a 200-day moving average of GBX 689.54. Inchcape plc has a 52 week low of GBX 574.00 and a 52 week high of GBX 823.00. The company’s market capitalization is GBX 2.88 billion.
The firm also recently declared a dividend, which was paid on Wednesday, September 7th. Shareholders of record on Thursday, August 4th were given a dividend of GBX 7 ($0.09) per share. The ex-dividend date of this dividend was Thursday, August 4th. This represents a yield of 1.05%.
Inchcape plc Company Profile
Inchcape plc is a United Kingdom-based automotive distributor and retailer. The Company operates in approximately 26 markets. The Company operates in six geographic segments: Australasia, Europe, North Asia, South Asia, the United Kingdom and Emerging Markets. The Company’s operating businesses are categorized into approximately two market channels, such as distribution and retail.
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