Inchcape (LON:INCH) Trading Down 13.3% – Here’s Why

Shares of Inchcape plc (LON:INCH) were down 13.3% on Friday . The stock traded as low as GBX 624.50 ($7.71) and last traded at GBX 652 ($8.05). Approximately 12,121,266 shares traded hands during trading, an increase of 240% from the average daily volume of 3,566,330 shares. The stock had previously closed at GBX 752 ($9.29).

Analyst Ratings Changes

INCH has been the topic of a number of analyst reports. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,120 ($13.83) price target on shares of Inchcape in a research note on Friday, October 25th. Citigroup reiterated a “buy” rating on shares of Inchcape in a report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. lowered shares of Inchcape to a “neutral” rating in a report on Thursday.

Inchcape Stock Down 0.2 %

The company has a 50 day moving average price of GBX 761.12 and a 200-day moving average price of GBX 787.37. The stock has a market capitalization of £2.62 billion, a PE ratio of 970.90, a PEG ratio of 2.06 and a beta of 1.19. The company has a debt-to-equity ratio of 198.14, a current ratio of 1.10 and a quick ratio of 0.51.

Insider Buying and Selling at Inchcape

In other news, insider Byron Elmer Grote bought 4,000 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The stock was purchased at an average price of GBX 730 ($9.02) per share, with a total value of £29,200 ($36,067.19). 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.