Inchcape plc (INCH) Given Buy Rating at Deutsche Bank AG
Inchcape plc (LON:INCH)‘s stock had its “buy” rating reaffirmed by analysts at Deutsche Bank AG in a research note issued on Tuesday. They currently have a GBX 835 ($10.33) price target on the stock. Deutsche Bank AG’s price objective would indicate a potential upside of 23.61% from the company’s current price.
A number of other equities analysts have also recently commented on the company. BNP Paribas cut Inchcape plc to a “neutral” rating and raised their target price for the company from GBX 710 ($8.79) to GBX 760 ($9.41) in a report on Friday, September 9th. Citigroup Inc. reiterated a “buy” rating and issued a GBX 750 ($9.28) price objective on shares of Inchcape plc in a research note on Monday, August 1st. Numis Securities Ltd reiterated a “hold” rating and issued a GBX 750 ($9.28) price objective on shares of Inchcape plc in a research note on Friday, July 29th. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 900 ($11.14) price objective on shares of Inchcape plc in a research note on Friday, July 29th. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 760 ($9.41) price objective on shares of Inchcape plc in a research note on Friday, July 29th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Inchcape plc currently has an average rating of “Buy” and a consensus target price of GBX 790.56 ($9.78).
Inchcape plc (LON:INCH) opened at 678.50 on Tuesday. The firm’s market cap is GBX 2.92 billion. The company has a 50-day moving average of GBX 684.78 and a 200 day moving average of GBX 684.87. Inchcape plc has a one year low of GBX 574.00 and a one year high of GBX 823.00.
In other Inchcape plc news, insider Stein,Nigel bought 233 shares of the firm’s stock in a transaction that occurred on Monday, August 1st. The stock was purchased at an average price of GBX 674 ($8.34) per share, for a total transaction of £1,570.42 ($1,943.59).
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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