Inchcape Rating Reiterated by Panmure Gordon (INCH)
Inchcape (LON: INCH)‘s stock had its “hold” rating restated by analysts at Panmure Gordon in a research report issued to clients and investors on Wednesday. They currently have a $8.02 (518 GBX) price target on the stock.
A number of other firms have also recently commented on INCH. Analysts at UBS AG raised their price target on shares of Inchcape from $7.98 to $8.37 in a research note to investors on Friday, February 15th. They now have a “buy” rating on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Inchcape in a research note to investors on Friday, December 14th. Finally, analysts at reiterated an “outperform” rating on shares of Inchcape in a research note to investors on Tuesday, November 27th. They now have a $7.21 price target on the stock.
Shares of Inchcape opened at 513.50 on Wednesday. Inchcape has a 52 week low of GBX 303.50 and a 52 week high of GBX 500.50. The stock’s 50-day moving average is currently GBX 371.5. The company’s market cap is £2.362 billion.
Inchcape plc is an automotive retailer and distributor. As December 31, 2011, the Company operated in 26 markets, of which it operated as distributor in 22 of these, with retail only operations in the United Kingdom, Poland, Russia and China.
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