Citigroup Has Lowered Expectations for Inchcape (LON:INCH) Stock Price

Inchcape (LON:INCH) had its price objective reduced by Citigroup from GBX 1,161 ($15.39) to GBX 1,101 ($14.60) in a report issued on Wednesday, Marketbeat.com reports. Citigroup currently has a buy rating on the stock.

Separately, Berenberg Bank restated a “buy” rating and set a GBX 1,120 ($14.85) price objective on shares of Inchcape in a report on Tuesday.

Inchcape Trading Up 1.6%

Shares of LON:INCH opened at GBX 706 ($9.36) on Wednesday. Inchcape has a 12-month low of GBX 575 ($7.62) and a 12-month high of GBX 874 ($11.59). The stock has a market cap of £2.77 billion, a PE ratio of 11.28, a P/E/G ratio of 2.06 and a beta of 1.19. The business has a 50 day moving average of GBX 724.96 and a 200-day moving average of GBX 699.30. The company has a quick ratio of 0.51, a current ratio of 1.10 and a debt-to-equity ratio of 206.10.

Inchcape (LON:INCH) last issued its quarterly earnings data on Tuesday, July 29th. The company reported GBX 35.50 ($0.47) earnings per share (EPS) for the quarter. Inchcape had a return on equity of 17.60% and a net margin of 2.45%. As a group, equities research analysts forecast that Inchcape will post 85.9639233 earnings per share for the current year.

Insider Activity

In related news, insider Adrian Lewis purchased 150 shares of the business’s stock in a transaction that occurred on Monday, June 16th. The stock was acquired at an average cost of GBX 684 ($9.07) per share, for a total transaction of £1,026 ($1,360.38). 14.84% 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.