Inchcape (LON:INCH) Trading Down 13.7% – Time to Sell?

Inchcape plc (LON:INCH) was down 13.7% on Thursday . The company traded as low as GBX 647 ($8.08) and last traded at GBX 649 ($8.10). Approximately 5,527,542 shares changed hands during mid-day trading, an increase of 75% from the average daily volume of 3,154,223 shares. The stock had previously closed at GBX 752 ($9.39).

Analyst Ratings Changes

INCH has been the topic of a number of research analyst reports. Berenberg Bank reissued a “buy” rating and issued a GBX 1,120 ($13.98) target price on shares of Inchcape in a research note on Friday, October 25th. Citigroup reiterated a “buy” rating on shares of Inchcape in a report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. cut Inchcape to a “neutral” rating in a research note on Thursday.

Inchcape Stock Down 0.1 %

The company has a debt-to-equity ratio of 198.14, a current ratio of 1.10 and a quick ratio of 0.51. The company has a 50 day moving average price of GBX 759.18 and a 200-day moving average price of GBX 786.40. The stock has a market capitalization of £2.63 billion, a PE ratio of 972.09, a PEG ratio of 2.06 and a beta of 1.19.

Insiders Place Their Bets

In other Inchcape news, insider Byron Elmer Grote acquired 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The shares were acquired at an average price of GBX 730 ($9.11) per share, with a total value of £29,200 ($36,458.98). 14.84% of the stock is currently owned by company 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.