Separately, HSBC Holdings plc reiterated a buy rating and set a GBX 1,030 ($13.30) price objective on shares of Inchcape plc in a report on Friday, June 30th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of Buy and an average target price of GBX 876.44 ($11.32).
Shares of Inchcape plc (INCH) opened at 835.00 on Friday. The company’s market capitalization is GBX 3.49 billion. The firm’s 50-day moving average is GBX 831.57 and its 200 day moving average is GBX 814.88. Inchcape plc has a 12 month low of GBX 587.00 and a 12 month high of GBX 861.00.
Inchcape plc (LON:INCH) last issued its quarterly earnings data on Thursday, July 27th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. Inchcape plc had a net margin of 3.19% and a return on equity of 20.68%. Equities research analysts predict that Inchcape plc will post $64.31 EPS for the current year.
The company also recently declared a dividend, which was paid on Wednesday, September 6th. Investors of record on Thursday, August 3rd were given a dividend of GBX 7.90 ($0.10) per share. This represents a dividend yield of 0.96%. The ex-dividend date of this dividend was Thursday, August 3rd.
In related news, insider Stefan Bomhard sold 34,579 shares of the firm’s stock in a transaction dated Wednesday, June 21st. The shares were sold at an average price of GBX 777 ($10.03), for a total transaction of £268,678.83 ($346,995.78). Also, insider Coline McConville purchased 242 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The shares were purchased at an average cost of GBX 813 ($10.50) per share, for a total transaction of £1,967.46 ($2,540.95).
Inchcape plc Company Profile
Inchcape plc is a United Kingdom-based automotive distributor and retailer. The Company operates in approximately 30 markets. The Company’s segments include Distribution, Retail and Central. The Distribution segment includes regions, such as Australasia, the United Kingdom and Europe, Asia, and Emerging Markets.
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