Inchcape (LON:INCH) Stock Keeps Buy Rating at Jefferies Financial Group

Inchcape (LON:INCH)‘s stock had its “buy” rating reissued by investment analysts at Jefferies Financial Group in a research report issued to clients and investors on Thursday, London Stock Exchange reports. They currently have a GBX 1,050 price target on the stock. Jefferies Financial Group’s price target suggests a potential upside of 67.06% from the stock’s current price.

INCH has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Inchcape from GBX 830 to GBX 870 and gave the company a “hold” rating in a report on Wednesday, July 29th. Berenberg Bank reduced their target price on Inchcape from GBX 1,170 to GBX 970 and set a “buy” rating for the company in a research note on Thursday. Finally, Citigroup boosted their target price on Inchcape from GBX 1,274 to GBX 1,277 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,041.75.

Inchcape Trading Down 8.9%

Shares of LON:INCH traded down GBX 61.50 during mid-day trading on Thursday, hitting GBX 628.50. The company had a trading volume of 13,726,441 shares, compared to its average volume of 5,282,986. The company has a debt-to-equity ratio of 125.11, a current ratio of 1.03 and a quick ratio of 0.51. Inchcape has a one year low of GBX 604.50 and a one year high of GBX 895. The firm has a fifty day moving average price of GBX 778.15 and a 200 day moving average price of GBX 799.71. The company has a market capitalization of £2.14 billion, a PE ratio of 9.91, a price-to-earnings-growth ratio of 2.06 and a beta of 0.97.

Inchcape (LON:INCH) last issued its earnings results on Tuesday, July 28th. The company reported GBX 35.50 earnings per share (EPS) for the quarter. Inchcape had a net margin of 2.44% and a return on equity of 19.59%. As a group, research analysts forecast that Inchcape will post 85.96 EPS for the current year.

Inchcape declared that its Board of Directors has initiated a share repurchase program on Tuesday, July 28th that permits the company to buy back 0 shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Insider Transactions at Inchcape

In other Inchcape news, insider Tracy Clarke purchased 3,029 shares of Inchcape stock in a transaction that occurred on Tuesday, July 28th. The stock was acquired at an average price of GBX 819 per share, with a total value of £24,807.51. Insiders own 13.75% of the company’s stock.

Inchcape Company Profile

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.