Inchcape (LON:INCH) Shares Up 1.2% – Should You Buy?

Shares of Inchcape plc (LON:INCH) were up 1.2% on Friday . The company traded as high as GBX 786.50 ($10.03) and last traded at GBX 777.56 ($9.91). Approximately 429,992 shares changed hands during trading, a decline of 62% from the average daily volume of 1,144,050 shares. The stock had previously closed at GBX 768 ($9.79).

Analyst Ratings Changes

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 1,120 ($14.28) target price on shares of Inchcape in a report on Friday, October 25th.

Inchcape Stock Performance

The company has a current ratio of 1.10, a quick ratio of 0.51 and a debt-to-equity ratio of 198.14. The firm has a market capitalization of £3.14 billion, a P/E ratio of 1,160.54, a price-to-earnings-growth ratio of 2.06 and a beta of 1.19. The business’s 50 day simple moving average is GBX 761.12 and its two-hundred day simple moving average is GBX 793.55.

Insider Activity

In other Inchcape news, insider Byron Elmer Grote bought 4,000 shares of the firm’s stock in a transaction on Tuesday, October 29th. The stock was acquired at an average price of GBX 730 ($9.31) per share, with a total value of £29,200 ($37,225.91). Also, insider Duncan Tait sold 155,811 shares of the firm’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of GBX 764 ($9.74), for a total transaction of £1,190,396.04 ($1,517,588.02). Corporate insiders own 14.84% of the company’s stock.

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.