Inchcape plc (LON:INCH) has received a consensus recommendation of “Buy” from the nine research firms that are currently covering the company. Three research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is GBX 790.56 ($10.32).
INCH has been the subject of several recent research reports. HSBC reissued a “buy” rating and set a GBX 920 ($12.01) price objective on shares of Inchcape plc in a research report on Tuesday, May 31st. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 900 ($11.75) price objective on shares of Inchcape plc in a research report on Thursday, June 23rd. BNP Paribas reissued an “outperform” rating and set a GBX 710 ($9.27) price objective on shares of Inchcape plc in a research report on Monday, June 27th. Deutsche Bank AG raised Inchcape plc to a “buy” rating and raised their price objective for the company from GBX 825 ($10.77) to GBX 835 ($10.90) in a research report on Monday, July 4th. Finally, Berenberg Bank raised Inchcape plc to a “buy” rating and raised their price objective for the company from GBX 735 ($9.59) to GBX 760 ($9.92) in a research report on Friday, July 8th.
In other Inchcape plc news, insider Stein,Nigel acquired 233 shares of Inchcape plc stock in a transaction that occurred on Monday, August 1st. The stock was bought at an average cost of GBX 674 ($8.80) per share, for a total transaction of £1,570.42 ($2,049.89).
Shares of Inchcape plc (LON:INCH) opened at 669.422729 on Friday. The firm’s 50-day moving average is GBX 698.49 and its 200 day moving average is GBX 689.39. Inchcape plc has a 12-month low of GBX 574.00 and a 12-month high of GBX 823.00. The stock’s market capitalization is GBX 2.88 billion.
The firm also recently disclosed a dividend, which was paid on Wednesday, September 7th. Investors of record on Thursday, August 4th were issued a GBX 7 ($0.09) dividend. The ex-dividend date of this dividend was Thursday, August 4th. This represents a yield of 1.05%.
Inchcape plc Company Profile
Inchcape plc is a United Kingdom-based automotive distributor and retailer. The Company operates in approximately 26 markets. The Company operates in six geographic segments: Australasia, Europe, North Asia, South Asia, the United Kingdom and Emerging Markets. The Company’s operating businesses are categorized into approximately two market channels, such as distribution and retail.
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