Inchcape (LON: INCH)‘s stock had its “buy” rating reiterated by investment analysts at UBS AG in a note issued to investors on Monday. They currently have a $8.06 (540 GBX) target price on the stock.

Inchcape opened at 530.00 on Monday. Inchcape has a 1-year low of GBX 303.50 and a 1-year high of GBX 528.00. The stock’s 50-day moving average is currently GBX 371.5. The company’s market cap is £2.438 billion.

Other equities research analysts have also recently issued reports about the stock. Analysts at Panmure Gordon reiterated a “hold” rating on shares of Inchcape in a research note to investors on Friday. They now have a $8.39 price target on the stock. Separately, analysts at Citigroup raised their price target on shares of Inchcape from $6.02 to $7.62 in a research note to investors on Thursday, February 21st. They now have a “neutral” rating on the stock. Finally, analysts at Investec raised their price target on shares of Inchcape from $7.74 to $8.98 in a research note to investors on Wednesday, February 20th. They now have a “buy” rating on the stock.

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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