Inchcape (LON:INCH) Downgraded by JPMorgan Chase & Co. to “Neutral”

JPMorgan Chase & Co. lowered shares of Inchcape (LON:INCH) to a neutral rating in a report released on Thursday morning, MarketBeat Ratings reports.

A number of other equities research analysts also recently issued reports on INCH. Citigroup restated a “buy” rating on shares of Inchcape in a report on Tuesday, January 7th. Berenberg Bank reissued a “buy” rating and set a GBX 1,120 ($13.83) price objective on shares of Inchcape in a research note on Friday, October 25th.

Inchcape Stock Down 0.5 %

Shares of LON:INCH opened at GBX 649 ($8.02) on Thursday. 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 cap of £2.62 billion, a price-to-earnings ratio of 968.66, a PEG ratio of 2.06 and a beta of 1.19. The stock’s 50-day moving average price is GBX 761.12 and its two-hundred day moving average price is GBX 787.37. Inchcape has a 12-month low of GBX 597.50 ($7.38) and a 12-month high of GBX 874 ($10.80).

Insider Buying and Selling at Inchcape

In related news, insider Byron Elmer Grote bought 4,000 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The stock was bought at an average price of GBX 730 ($9.02) per share, with a total value of £29,200 ($36,067.19). 14.84% of the stock is currently owned by corporate insiders.

Inchcape Company Profile

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.