Inchcape (LON:INCH) Earns Buy Rating from Citigroup

Inchcape (LON:INCH)‘s stock had its “buy” rating reiterated by stock analysts at Citigroup in a research report issued on Tuesday,Digital Look reports.

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 1,120 ($14.01) price objective on shares of Inchcape in a research report on Friday, October 25th.

Inchcape Stock Performance

Shares of INCH stock traded down GBX 1.50 ($0.02) during trading on Tuesday, reaching GBX 763.50 ($9.55). 61,808,563 shares of the company’s stock were exchanged, compared to its average volume of 15,744,292. Inchcape has a twelve month low of GBX 597.50 ($7.48) and a twelve month high of GBX 874 ($10.93). The stock has a market capitalization of £3.08 billion, a PE ratio of 1,139.55, a PEG ratio of 2.06 and a beta of 1.19. The firm’s fifty day moving average price is GBX 760.81 and its 200-day moving average price is GBX 788.59. The company has a quick ratio of 0.51, a current ratio of 1.10 and a debt-to-equity ratio of 198.14.

Insider Buying and Selling at Inchcape

In other news, insider Byron Elmer Grote bought 4,000 shares of the company’s stock in a transaction dated Tuesday, October 29th. The stock was bought at an average cost of GBX 730 ($9.13) per share, for a total transaction of £29,200 ($36,531.97). Insiders own 14.84% of the company’s stock.

About Inchcape

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.