Inchcape (LON:INCH) Downgraded by JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered shares of Inchcape (LON:INCH) to a neutral rating in a research report released on Monday morning, Digital Look reports. They currently have GBX 627 ($8.19) target price on the stock, down from their prior target price of GBX 803 ($10.49).

INCH has been the topic of a number of other reports. Numis Securities reissued a buy rating on shares of 3i Group in a report on Thursday, May 16th. Jefferies Financial Group cut their price target on shares of CommVault Systems to $65.00 and set a buy rating on the stock in a report on Tuesday, April 30th. They noted that the move was a valuation call. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of GBX 687 ($8.98).

INCH traded up GBX 2 ($0.03) during mid-day trading on Monday, reaching GBX 597 ($7.80). 1,041,601 shares of the stock were exchanged, compared to its average volume of 1,390,000. The business has a 50 day moving average of GBX 606.18. The company has a debt-to-equity ratio of 158.95, a current ratio of 1.07 and a quick ratio of 0.36. The stock has a market capitalization of $2.47 billion and a PE ratio of 51.91. Inchcape has a 1 year low of GBX 482.20 ($6.30) and a 1 year high of GBX 826 ($10.79).

In related news, insider Richard Howes sold 52,193 shares of the business’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of GBX 616 ($8.05), for a total value of £321,508.88 ($420,108.30).

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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