Insider Buying: Inchcape (LON:INCH) Insider Purchases £24,807.51 in Stock

Inchcape plc (LON:INCH – Get Free Report) insider Tracy Clarke bought 3,029 shares of the stock in a transaction on Tuesday, July 28th. The shares were acquired at an average cost of GBX 819 per share, with a total value of £24,807.51.

Inchcape Stock Performance

INCH stock opened at GBX 845.31 on Friday. The business’s fifty day moving average is GBX 808.93 and its 200-day moving average is GBX 812.49. The company has a quick ratio of 0.51, a current ratio of 1.03 and a debt-to-equity ratio of 125.11. The company has a market cap of £2.96 billion, a P/E ratio of 11.81, a price-to-earnings-growth ratio of 2.06 and a beta of 0.97. Inchcape plc has a twelve month low of GBX 640.50 and a twelve month high of GBX 895.

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Inchcape (LON:INCH – Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The company reported GBX 35.50 earnings per share (EPS) for the quarter. Inchcape had a return on equity of 19.59% and a net margin of 2.44%. Equities research analysts forecast that Inchcape plc will post 85.9639233 EPS for the current year.

Inchcape declared that its board has authorized a stock repurchase plan on Tuesday, July 28th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

Several research firms have recently issued reports on INCH. Berenberg Bank restated a “buy” rating and set a GBX 1,170 target price on shares of Inchcape in a research report on Tuesday. Citigroup increased their price target on shares of Inchcape from GBX 1,274 to GBX 1,277 and gave the company a “buy” rating in a research report on Wednesday. Jefferies Financial Group reissued a “buy” rating and set a GBX 1,050 price objective on shares of Inchcape in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Inchcape from GBX 830 to GBX 870 and gave the company a “hold” rating in a report on Wednesday. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Inchcape currently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,057.40.

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Inchcape Company Profile

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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.

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