Inchcape (LON:INCH) Share Price Crosses Above 200-Day Moving Average of $698.40

Inchcape plc (LON:INCHGet Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 698.40 ($8.88) and traded as high as GBX 824.36 ($10.48). Inchcape shares last traded at GBX 814 ($10.35), with a volume of 468,907 shares trading hands.

Wall Street Analyst Weigh In

INCH has been the topic of a number of recent research reports. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 1,050 ($13.35) target price on shares of Inchcape in a research note on Thursday, April 4th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,040 ($13.22) price target on shares of Inchcape in a research report on Thursday, April 25th.

Check Out Our Latest Analysis on INCH

Inchcape Stock Up 0.2 %

The company has a current ratio of 1.06, a quick ratio of 0.51 and a debt-to-equity ratio of 222.65. The firm has a market cap of £3.36 billion, a price-to-earnings ratio of 1,252.31, a PEG ratio of 2.06 and a beta of 1.19. The firm has a 50-day moving average of GBX 739.72 and a two-hundred day moving average of GBX 698.40.

Inchcape Increases Dividend

The company also recently declared a dividend, which will be paid on Monday, June 17th. Shareholders of record on Thursday, May 2nd will be issued a GBX 24.30 ($0.31) dividend. This is a boost from Inchcape’s previous dividend of $9.60. The ex-dividend date is Thursday, May 2nd. This represents a yield of 3.57%. Inchcape’s dividend payout ratio is 5,230.77%.

Insider Buying and Selling at Inchcape

In related news, insider Byron Elmer Grote acquired 7,000 shares of the stock in a transaction dated Tuesday, March 12th. The shares were bought at an average cost of GBX 637 ($8.10) per share, for a total transaction of £44,590 ($56,672.60). In related news, insider Byron Elmer Grote acquired 7,000 shares of the stock in a transaction dated Tuesday, March 12th. The shares were bought at an average cost of GBX 637 ($8.10) per share, for a total transaction of £44,590 ($56,672.60). Also, insider Duncan Tait acquired 9,590 shares of the stock in a transaction dated Tuesday, March 5th. The stock was bought at an average price of GBX 622 ($7.91) per share, for a total transaction of £59,649.80 ($75,813.17). Insiders own 14.56% of the company’s stock.

About Inchcape

(Get Free Report)

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.

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