Inchcape (LON:INCH) Shares Pass Above Two Hundred Day Moving Average – Should You Sell?

Inchcape plc (LON:INCH)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 702.37 and traded as high as GBX 753.50. Inchcape shares last traded at GBX 740.11, with a volume of 42,563,590 shares changing hands.

Analysts Set New Price Targets

A number of research analysts have recently commented on INCH shares. UBS Group reissued a “buy” rating and issued a GBX 920 price target on shares of Inchcape in a research report on Friday, October 17th. Citigroup lifted their price target on Inchcape from GBX 1,101 to GBX 1,115 and gave the stock a “buy” rating in a research note on Monday, October 20th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,120 target price on shares of Inchcape in a report on Thursday, October 23rd. JPMorgan Chase & Co. restated a “neutral” rating on shares of Inchcape in a research report on Thursday, October 16th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 800 price target on shares of Inchcape in a report on Wednesday, July 30th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Inchcape presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 988.75.

Inchcape Stock Up 0.4%

The company has a 50 day simple moving average of GBX 706.03 and a two-hundred day simple moving average of GBX 702.90. The company has a market capitalization of £2.71 billion, a P/E ratio of 7.09, a PEG ratio of 2.06 and a beta of 1.19. The company has a quick ratio of 0.51, a current ratio of 1.10 and a debt-to-equity ratio of 206.10.

Insider Buying and Selling

In related news, insider Adrian Lewis purchased 2,814 shares of Inchcape stock in a transaction on Tuesday, September 9th. The shares were bought at an average price of GBX 665 per share, with a total value of £18,713.10. Corporate insiders own 9.32% 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.