Inchcape (LON:INCH) Hits New 52-Week Low – Time to Sell?

Inchcape plc (LON:INCH) reached a new 52-week low during trading on Monday . The stock traded as low as GBX 621 ($8.00) and last traded at GBX 624 ($8.04), with a volume of 575343 shares trading hands. The stock had previously closed at GBX 659 ($8.49).

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on INCH shares. Citigroup upped their price target on Inchcape from GBX 1,113 ($14.35) to GBX 1,194 ($15.39) and gave the company a “buy” rating in a research note on Thursday, March 6th. JPMorgan Chase & Co. cut Inchcape to a “neutral” rating in a report on Thursday, January 23rd.

Inchcape Price Performance

The stock has a market cap of £2.47 billion, a price-to-earnings ratio of 10.04, a P/E/G ratio of 2.06 and a beta of 1.19. The company has a 50 day simple moving average of GBX 684.69 and a 200-day simple moving average of GBX 735.65. The company has a current ratio of 1.10, a quick ratio of 0.51 and a debt-to-equity ratio of 206.10.

Inchcape (LON:INCH) last announced its earnings results on Tuesday, March 4th. The company reported GBX 71.30 ($0.92) earnings per share (EPS) for the quarter. Inchcape had a return on equity of 17.60% and a net margin of 2.45%. Research analysts expect that Inchcape plc will post 85.9639233 EPS for the current year.

Inchcape Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, June 16th. Stockholders of record on Thursday, May 1st will be given a GBX 17.20 ($0.22) dividend. This represents a dividend yield of 2.38%. The ex-dividend date is Thursday, May 1st. This is a positive change from Inchcape’s previous dividend of $11.30. Inchcape’s payout ratio is currently 57.52%.

Insider Activity at Inchcape

In related news, insider Duncan Tait bought 6,948 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The shares were acquired at an average price of GBX 716 ($9.23) per share, for a total transaction of £49,747.68 ($64,124.36). 14.84% of the stock is owned by 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.