Inchcape (INCH) Earns “Overweight” Rating from JPMorgan Chase & Co.

Inchcape (LON:INCH)‘s stock had its “overweight” rating restated by JPMorgan Chase & Co. in a report issued on Friday, ThisIsMoney.Co.Uk reports.

A number of other equities research analysts have also recently commented on INCH. Numis Securities raised Inchcape to an “add” rating and decreased their price objective for the stock from GBX 750 ($9.80) to GBX 660 ($8.62) in a research note on Thursday, May 16th. Berenberg Bank reaffirmed a “hold” rating and set a GBX 600 ($7.84) price objective on shares of Inchcape in a research note on Monday, March 4th. Finally, Jefferies Financial Group initiated coverage on Inchcape in a report on Tuesday, April 30th. They set a “buy” rating and a GBX 845 ($11.04) target price on the stock. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of GBX 716.33 ($9.36).

Shares of Inchcape stock opened at GBX 579 ($7.57) on Friday. The company has a quick ratio of 0.36, a current ratio of 1.07 and a debt-to-equity ratio of 158.95. Inchcape has a 12 month low of GBX 482.20 ($6.30) and a 12 month high of GBX 826 ($10.79). The firm has a market cap of $2.40 billion and a P/E ratio of 50.35.

In other Inchcape news, insider Richard Howes sold 52,193 shares of Inchcape stock in a transaction dated Friday, April 26th. The stock was sold at an average price of GBX 616 ($8.05), for a total transaction of £321,508.88 ($420,108.30). Also, insider Stefan Bomhard sold 35,758 shares of Inchcape stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of GBX 590 ($7.71), for a total value of £210,972.20 ($275,672.55).

Inchcape Company Profile

Inchcape plc operates as an automotive distributor and retailer in the premium and luxury automotive sectors. The company sells and retails new and used cars of various brands. It also provides after sales servicing and parts; and vehicle finance and insurance products and services. The company operates in Asia, Australasia, the United Kingdom, Europe, Africa, South America, and Russia.

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Analyst Recommendations for Inchcape (LON:INCH)

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