Inchcape (LON:INCH) Lowered to Neutral Rating by JPMorgan Chase & Co.

Inchcape (LON:INCH) was downgraded by analysts at JPMorgan Chase & Co. to a “neutral” rating in a research report issued to clients and investors on Thursday,Digital Look reports.

INCH has been the topic of a number of other reports. Berenberg Bank restated a “buy” rating and set a GBX 1,120 ($13.79) target price on shares of Inchcape in a research report on Friday, October 25th. Citigroup restated a “buy” rating on shares of Inchcape in a research report on Tuesday, January 7th.

Inchcape Trading Down 13.3 %

Shares of INCH traded down GBX 100 ($1.23) during mid-day trading on Thursday, reaching GBX 652 ($8.03). The stock had a trading volume of 12,121,266 shares, compared to its average volume of 3,566,330. The business’s fifty day moving average is GBX 762.98 and its 200 day moving average is GBX 788.03. Inchcape has a 52-week low of GBX 597.50 ($7.36) and a 52-week high of GBX 874 ($10.76). The company has a debt-to-equity ratio of 198.14, a current ratio of 1.10 and a quick ratio of 0.51. The firm has a market cap of £2.63 billion, a price-to-earnings ratio of 973.13, a P/E/G ratio of 2.06 and a beta of 1.19.

Insider Transactions at Inchcape

In related news, insider Byron Elmer Grote acquired 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The stock was purchased at an average price of GBX 730 ($8.99) per share, for a total transaction of £29,200 ($35,947.31). Corporate 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.