Deutsche Bank Aktiengesellschaft Has Lowered Expectations for Inchcape (LON:INCH) Stock Price

Inchcape (LON:INCH) had its price objective dropped by analysts at Deutsche Bank Aktiengesellschaft from GBX 870 to GBX 750 in a report issued on Friday, Digital Look reports. The brokerage presently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft‘s price objective indicates a potential upside of 17.83% from the company’s current price.

INCH has been the topic of a number of other reports. Citigroup increased their price target on Inchcape from GBX 1,274 to GBX 1,277 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,050 price objective on shares of Inchcape in a research report on Thursday. Finally, Berenberg Bank cut their price objective on Inchcape from GBX 1,170 to GBX 970 and set a “buy” rating for the company in a research report on Thursday. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Inchcape currently has an average rating of “Moderate Buy” and an average target price of GBX 1,011.75.

Inchcape Stock Performance

LON INCH opened at GBX 636.50 on Friday. The firm has a market cap of £2.17 billion, a price-to-earnings ratio of 10.04, a PEG ratio of 2.06 and a beta of 0.97. The company has a 50 day moving average of GBX 774.29 and a 200-day moving average of GBX 798.65. The company has a current ratio of 1.03, a quick ratio of 0.51 and a debt-to-equity ratio of 125.11. Inchcape has a 1-year low of GBX 604.50 and a 1-year high of GBX 895.

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%. On average, equities analysts forecast that Inchcape will post 85.96 earnings per share for the current fiscal year.

Inchcape announced that its Board of Directors has approved a share repurchase program on Tuesday, July 28th that authorizes the company to buy back 0 outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Share buyback programs are typically a sign that the company’s management believes its shares are undervalued.

Insider Buying and Selling

In related news, insider Tracy Clarke acquired 3,029 shares of the stock in a transaction on Tuesday, July 28th. The stock was purchased at an average price of GBX 819 per share, for a total transaction of £24,807.51. 13.75% 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.