Duncan Tait Acquires 6,948 Shares of Inchcape plc (LON:INCH) Stock

Inchcape plc (LON:INCH) insider Duncan Tait purchased 6,948 shares of the company’s stock in a transaction dated Tuesday, March 4th. The shares were purchased at an average cost of GBX 716 ($9.23) per share, for a total transaction of £49,747.68 ($64,107.84).

Inchcape Trading Up 1.0 %

Shares of LON:INCH opened at GBX 728 ($9.38) on Friday. The company has a market capitalization of £2.86 billion, a PE ratio of 11.63, a P/E/G ratio of 2.06 and a beta of 1.19. 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 plc has a 12-month low of GBX 624 ($8.04) and a 12-month high of GBX 874 ($11.26). The business’s fifty day simple moving average is GBX 702.29 and its 200-day simple moving average is GBX 755.80.

Inchcape (LON:INCH) last issued its quarterly earnings data on Tuesday, March 4th. The company reported GBX 71.30 ($0.92) earnings per share for the quarter. Inchcape had a return on equity of 17.60% and a net margin of 2.45%. As a group, equities research analysts predict that Inchcape plc will post 85.9639233 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on INCH shares. Citigroup upped their price objective on shares of Inchcape from GBX 1,113 ($14.34) to GBX 1,194 ($15.39) and gave the stock a “buy” rating in a research note on Thursday. JPMorgan Chase & Co. lowered shares of Inchcape to a “neutral” rating in a report on Thursday, January 23rd.

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.