Inchcape (LON:INCH) Earns “Buy” Rating from Berenberg Bank

Inchcape (LON:INCH)‘s stock had its “buy” rating reaffirmed by stock analysts at Berenberg Bank in a research note issued on Tuesday,Digital Look reports. They currently have a GBX 1,170 price objective on the stock. Berenberg Bank’s price target would suggest a potential upside of 46.25% from the stock’s current price.

Separately, Jefferies Financial Group restated a “buy” rating and issued a GBX 1,050 price objective on shares of Inchcape in a research report on Thursday, April 30th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 1,060.

Inchcape Stock Performance

Shares of INCH stock opened at GBX 800 on Tuesday. The stock has a market cap of £2.80 billion, a PE ratio of 11.17, a P/E/G ratio of 2.06 and a beta of 0.97. The company has a debt-to-equity ratio of 100.56, a quick ratio of 0.51 and a current ratio of 1.07. Inchcape has a 1 year low of GBX 640.50 and a 1 year high of GBX 895. The stock has a fifty day moving average price of GBX 807.25 and a 200 day moving average price of GBX 810.87.

Insider Activity at Inchcape

In other Inchcape news, insider Adrian Lewis sold 45,674 shares of the business’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of GBX 830, for a total transaction of £379,094.20. 13.39% of the stock is currently owned by corporate insiders.

About Inchcape

Inchcape is the leading global automotive distributor, with operations across six continents. By combining our in-market expertise with our unique technology and advanced data analytics, we create innovative customer experiences that deliver outstanding performance for our partners – building stronger automotive brands and creating sustainable growth. Our distribution platform connects the products of mobility company partners with customers, and our responsibilities span product planning and pricing, import and logistics, brand and marketing to operating digital sales, managing physical sales and aftermarket service channels.