Inchcape (LON:INCH) Earns Buy Rating from Berenberg Bank

Inchcape (LON:INCH)‘s stock had its “buy” rating reiterated by Berenberg Bank in a research report issued to clients and investors on Tuesday, MarketBeat reports. They presently have a GBX 1,120 ($14.85) price objective on the stock. Berenberg Bank’s price objective would suggest a potential upside of 61.15% from the company’s current price.

Separately, Citigroup reduced their price target on shares of Inchcape from GBX 1,163 ($15.42) to GBX 1,161 ($15.39) and set a “buy” rating for the company in a research report on Thursday, July 17th.

Inchcape Stock Down 1.6%

INCH stock opened at GBX 695 ($9.22) on Tuesday. The stock has a 50-day simple moving average of GBX 724.96 and a two-hundred day simple moving average of GBX 699.30. Inchcape has a twelve month low of GBX 575 ($7.62) and a twelve month high of GBX 874 ($11.59). The firm has a market capitalization of £2.73 billion, a PE ratio of 11.10, a PEG ratio of 2.06 and a beta of 1.19. The company has a quick ratio of 0.51, a current ratio of 1.10 and a debt-to-equity ratio of 206.10.

Inchcape (LON:INCH) last released its quarterly earnings data on Tuesday, July 29th. The company reported GBX 35.50 ($0.47) EPS for the quarter. Inchcape had a net margin of 2.45% and a return on equity of 17.60%. On average, equities analysts predict that Inchcape will post 85.9639233 EPS for the current fiscal year.

Insider Activity

In other news, insider Adrian Lewis bought 150 shares of Inchcape stock in a transaction that occurred on Monday, June 16th. The shares were acquired at an average price of GBX 684 ($9.07) per share, with a total value of £1,026 ($1,360.38). Corporate 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.