Insider Selling: Inchcape (LON:INCH) Insider Sells £3,140.22 in Stock

Inchcape plc (LON:INCH) insider Adrian Lewis sold 398 shares of the company’s stock in a transaction dated Thursday, April 9th. The stock was sold at an average price of GBX 789, for a total value of £3,140.22.

Inchcape Stock Performance

Shares of INCH opened at GBX 792.80 on Monday. Inchcape plc has a 52 week low of GBX 575 and a 52 week high of GBX 895. The business has a 50-day simple moving average of GBX 818.63 and a two-hundred day simple moving average of GBX 778.07. The stock has a market cap of £2.82 billion, a price-to-earnings ratio of 11.07, a PEG ratio of 2.06 and a beta of 0.89. The company has a quick ratio of 0.51, a current ratio of 1.07 and a debt-to-equity ratio of 100.56.

Inchcape (LON:INCH) last announced its quarterly earnings results on Tuesday, March 3rd. The company reported GBX 80.80 earnings per share (EPS) for the quarter. Inchcape had a return on equity of 23.83% and a net margin of 2.99%. On average, analysts expect that Inchcape plc will post 85.9639233 EPS for the current year.

Inchcape declared that its Board of Directors has initiated a share buyback plan on Tuesday, March 3rd that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

INCH has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft lifted their price target on Inchcape from GBX 800 to GBX 830 and gave the company a “buy” rating in a report on Wednesday, March 4th. Citigroup raised their price objective on Inchcape from GBX 1,115 to GBX 1,330 and gave the stock a “buy” rating in a research report on Thursday, March 5th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 1,050.

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. Our distribution platform connects the products of mobility company partners with customers, and our responsibilities span product planning and pricing, import and logistics, brand and marketing to operating digital sales, managing physical sales and aftermarket service channels.