Inchcape (LON:INCH) Stock Price Passes Above 200-Day Moving Average of $682.95

Inchcape plc (LON:INCH)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 682.95 ($8.44) and traded as high as GBX 728.50 ($9.00). Inchcape shares last traded at GBX 726 ($8.97), with a volume of 1,011,853 shares.

Analyst Ratings Changes

Several equities research analysts recently issued reports on INCH shares. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 1,050 ($12.97) price objective on shares of Inchcape in a research note on Thursday, April 4th. Berenberg Bank reissued a “buy” rating and issued a GBX 1,040 ($12.85) price objective on shares of Inchcape in a research note on Tuesday, April 16th.

Inchcape Price Performance

The stock has a 50 day moving average price of GBX 686.88 and a two-hundred day moving average price of GBX 682.95. The company has a debt-to-equity ratio of 106.79, a quick ratio of 0.51 and a current ratio of 1.06. The company has a market capitalization of £3.00 billion, a PE ratio of 1,116.92, a P/E/G ratio of 2.06 and a beta of 1.22.

Inchcape Increases Dividend

The company also recently declared a dividend, which will be paid on Monday, June 17th. Stockholders of record on Thursday, May 2nd will be paid a dividend of GBX 24.30 ($0.30) per share. The ex-dividend date is Thursday, May 2nd. This is an increase from Inchcape’s previous dividend of $9.60. This represents a dividend yield of 3.57%. Inchcape’s dividend payout ratio (DPR) is 5,230.77%.

Insider Transactions at Inchcape

In related news, insider Duncan Tait acquired 9,590 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The shares were acquired at an average cost of GBX 622 ($7.68) per share, with a total value of £59,649.80 ($73,678.11). In other Inchcape news, insider Byron Elmer Grote purchased 7,000 shares of the company’s stock in a transaction on Tuesday, March 12th. The shares were bought at an average cost of GBX 637 ($7.87) per share, with a total value of £44,590 ($55,076.58). Also, insider Duncan Tait purchased 9,590 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was acquired at an average cost of GBX 622 ($7.68) per share, for a total transaction of £59,649.80 ($73,678.11). Company insiders own 11.43% of the company’s stock.

Inchcape Company Profile

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. It operates in the Asia Pacific, the United Kingdom, rest of Europe, the Americas, and Africa.