Byron Elmer Grote Acquires 6,000 Shares of Inchcape plc (LON:INCH) Stock

Inchcape plc (LON:INCH) insider Byron Elmer Grote purchased 6,000 shares of the company’s stock in a transaction that occurred on Friday, October 25th. The shares were purchased at an average price of GBX 725 ($9.41) per share, for a total transaction of £43,500 ($56,478.84).

Inchcape Stock Performance

Shares of LON:INCH traded up GBX 8.81 ($0.11) during midday trading on Friday, hitting GBX 730.81 ($9.49). The stock had a trading volume of 914,963 shares, compared to its average volume of 1,191,802. The company has a market capitalization of £2.95 billion, a PE ratio of 1,083.58, a P/E/G ratio of 2.06 and a beta of 1.19. Inchcape plc has a 1 year low of GBX 597.50 ($7.76) and a 1 year high of GBX 874 ($11.35). The stock has a 50 day moving average price of GBX 805.99 and a two-hundred day moving average price of GBX 793.95. The company has a current ratio of 1.10, a quick ratio of 0.51 and a debt-to-equity ratio of 198.14.

Inchcape Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, September 6th. Shareholders of record on Thursday, August 8th were given a dividend of GBX 11.30 ($0.15) per share. This represents a yield of 1.34%. The ex-dividend date was Thursday, August 8th. Inchcape’s payout ratio is 5,373.13%.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank boosted their price target on Inchcape from GBX 1,040 ($13.50) to GBX 1,120 ($14.54) and gave the company a “buy” rating in a research report on Thursday, August 8th.

About Inchcape

Inchcape plc operates as an automotive distributor and retailer. It engages in the distribution, sales, and marketing of new and used cars, and parts. The company also provides aftersales service and body shop repairs; and finance and insurance products and services, as well as product planning, logistics, brand and marketing, channel management, and retail services.