Inchcape (LON:INCH) Trading Down 13.3% – Should You Sell?

Shares of Inchcape plc (LON:INCHGet Free Report) were down 13.3% during trading on Thursday . The company traded as low as GBX 624.50 ($7.80) and last traded at GBX 652 ($8.14). Approximately 12,121,266 shares were traded during trading, an increase of 240% from the average daily volume of 3,566,330 shares. The stock had previously closed at GBX 752 ($9.39).

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Citigroup reiterated a “buy” rating on shares of Inchcape in a report on Tuesday, January 7th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,120 ($13.98) price target on shares of Inchcape in a research note on Friday, October 25th. Finally, JPMorgan Chase & Co. downgraded Inchcape to a “neutral” rating in a research note on Thursday.

Check Out Our Latest Stock Analysis on INCH

Inchcape Price Performance

The company has a market cap of £2.63 billion, a price-to-earnings ratio of 972.09, a PEG ratio of 2.06 and a beta of 1.19. The company’s 50 day moving average price is GBX 759.18 and its 200-day moving average price is GBX 786.40. The company has a debt-to-equity ratio of 198.14, a quick ratio of 0.51 and a current ratio of 1.10.

Insider Buying and Selling at Inchcape

In related news, insider Byron Elmer Grote purchased 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The stock was acquired at an average price of GBX 730 ($9.11) per share, for a total transaction of £29,200 ($36,458.98). 14.84% of the stock is owned by corporate insiders.

Inchcape Company Profile

(Get Free Report)

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.

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