Inchcape’s (INCH) Buy Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group reiterated their buy rating on shares of Inchcape (LON:INCH) in a report released on Wednesday morning,Digital Look reports. They currently have a GBX 1,050 target price on the stock.

Other research analysts have also recently issued reports about the stock. Berenberg Bank reissued a “buy” rating and issued a GBX 1,170 price target on shares of Inchcape in a report on Tuesday. Citigroup boosted their price objective on Inchcape from GBX 1,274 to GBX 1,277 and gave the stock a “buy” rating in a report on Wednesday. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,057.40.

Inchcape Price Performance

Shares of INCH opened at GBX 845.31 on Wednesday. The firm has a market capitalization of £2.96 billion, a PE ratio of 11.81, a PEG ratio of 2.06 and a beta of 0.97. The company’s 50-day moving average is GBX 808.93 and its 200-day moving average is GBX 812.49. Inchcape has a fifty-two week low of GBX 640.50 and a fifty-two week high of GBX 895. 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 (LON:INCH) last posted 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%. Equities analysts forecast that Inchcape will post 85.9639233 EPS for the current year.

Inchcape declared that its Board of Directors has approved a share repurchase plan on Tuesday, July 28th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at Inchcape

In other news, insider Tracy Clarke bought 3,029 shares of the company’s stock in a transaction dated Tuesday, July 28th. The stock was bought at an average price of GBX 819 per share, with a total value of £24,807.51. Also, insider Adrian Lewis sold 45,674 shares of Inchcape stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of GBX 830, for a total value of £379,094.20. 13.39% of the stock is owned by company 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.