Citigroup Issues Positive Forecast for Inchcape (LON:INCH) Stock Price

Inchcape (LON:INCH) had its price target raised by Citigroup from GBX 1,113 ($14.34) to GBX 1,194 ($15.39) in a report issued on Thursday, MarketBeat Ratings reports. The firm currently has a buy rating on the stock.

Separately, JPMorgan Chase & Co. downgraded Inchcape to a “neutral” rating in a report on Thursday, January 23rd.

Inchcape Trading Down 0.3 %

INCH opened at GBX 721 ($9.29) on Thursday. Inchcape has a one year low of GBX 624 ($8.04) and a one year high of GBX 874 ($11.26). The company has a market cap of £2.83 billion, a P/E ratio of 11.52, a PEG ratio of 2.06 and a beta of 1.19. The company has a debt-to-equity ratio of 206.10, a quick ratio of 0.51 and a current ratio of 1.10. The business’s 50-day simple moving average is GBX 702.29 and its 200-day simple moving average is GBX 755.80.

Inchcape (LON:INCH) last released its quarterly earnings data on Tuesday, March 4th. The company reported GBX 71.30 ($0.92) EPS for the quarter. Inchcape had a return on equity of 17.60% and a net margin of 2.45%. As a group, equities research analysts expect that Inchcape will post 85.9639233 EPS for the current fiscal year.

Insider Activity at Inchcape

In other news, insider Duncan Tait bought 6,948 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The stock was purchased at an average cost of GBX 716 ($9.23) per share, with a total value of £49,747.68 ($64,107.84). Insiders own 14.84% of the company’s stock.

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.