Inchcape plc (LON:INCH) Receives GBX 1,060 Consensus Target Price from Brokerages

Shares of Inchcape plc (LON:INCH) have been given a consensus recommendation of “Moderate Buy” by the six ratings firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is GBX 1,060.

INCH has been the subject of a number of recent analyst reports. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,170 price objective on shares of Inchcape in a research report on Thursday, April 30th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 1,050 price objective on shares of Inchcape in a research report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Inchcape from GBX 800 to GBX 830 and gave the stock a “buy” rating in a research report on Wednesday, March 4th. Finally, Citigroup upped their price objective on shares of Inchcape from GBX 1,115 to GBX 1,330 and gave the stock a “buy” rating in a research report on Thursday, March 5th.

Insider Transactions at Inchcape

In other Inchcape news, insider Adrian Lewis sold 45,674 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of GBX 830, for a total value of £379,094.20. Insiders own 9.43% of the company’s stock.

Inchcape Trading Up 0.8%

LON:INCH opened at GBX 845.50 on Monday. The company has a debt-to-equity ratio of 100.56, a current ratio of 1.07 and a quick ratio of 0.51. The firm has a 50-day moving average of GBX 807.23 and a 200-day moving average of GBX 798.76. The company has a market cap of £2.99 billion, a PE ratio of 11.81, a PEG ratio of 2.06 and a beta of 0.97. Inchcape has a one year low of GBX 640.50 and a one year high of GBX 895.

Inchcape (LON:INCH) last posted its earnings results on Tuesday, March 3rd. The company reported GBX 80.80 EPS for the quarter. Inchcape had a net margin of 2.99% and a return on equity of 23.83%. As a group, equities research analysts expect that Inchcape will post 85.9639233 EPS for the current fiscal year.

Inchcape announced that its Board of Directors has initiated a share buyback program on Tuesday, March 3rd that permits the company to repurchase 0 shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its stock is undervalued.

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.