Berenberg Bank Reaffirms Buy Rating for Inchcape (LON:INCH)

Berenberg Bank reiterated their buy rating on shares of Inchcape (LON:INCH) in a report published on Thursday, Marketbeat reports. The brokerage currently has a GBX 1,120 ($15.37) price target on the stock.

Separately, Citigroup lowered their price objective on Inchcape from GBX 1,194 ($16.39) to GBX 1,163 ($15.96) and set a “buy” rating for the company in a research note on Tuesday, April 29th.

Inchcape Stock Performance

Inchcape stock opened at GBX 721 ($9.89) on Thursday. The company’s 50-day moving average price is GBX 681.67 and its 200-day moving average price is GBX 699.32. The company has a quick ratio of 0.51, a current ratio of 1.10 and a debt-to-equity ratio of 206.10. The company has a market cap of £2.83 billion, a PE ratio of 11.52, a price-to-earnings-growth ratio of 2.06 and a beta of 1.19. Inchcape has a twelve month low of GBX 575 ($7.89) and a twelve month high of GBX 874 ($11.99).

Insider Transactions at Inchcape

In other Inchcape news, insider Adrian Lewis acquired 150 shares of the company’s stock in a transaction that occurred on Monday, June 16th. The stock was bought at an average price of GBX 684 ($9.39) per share, for a total transaction of £1,026 ($1,407.99). Company 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.