Inchcape Price Target Raised to $8.96 at Investec (INCH)
Analysts at Investec raised their price target on shares of Inchcape (LON: INCH) from $8.66 (573 GBX) to $8.96 (593 GBX) in a research report issued to clients and investors on Tuesday. The firm currently has a “buy” rating on the stock.
Several other analysts have also recently commented on the stock. Analysts at Panmure Gordon reiterated a “hold” rating on shares of Inchcape in a research note to investors on Friday, March 8th. They now have a $8.33 price target on the stock. Separately, analysts at UBS AG reiterated a “buy” rating on shares of Inchcape in a research note to investors on Monday, March 11th. They now have a $8.06 price target on the stock.
Inchcape (LON: INCH) remained flat at GBX 509.50 during trading on Tuesday. Inchcape has a 52-week low of GBX 303.50 and a 52-week high of GBX 533.00. The stock’s 50-day moving average is currently GBX 371.5. The company’s market cap is £2.353 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.