Inchcape (LON:INCH) Shares Cross Above Two Hundred Day Moving Average of $720.67

Inchcape plc (LON:INCH) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 720.67 ($9.14) and traded as high as GBX 763.50 ($9.69). Inchcape shares last traded at GBX 752.50 ($9.55), with a volume of 331,828 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on INCH shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 1,100 ($13.95) price target on shares of Inchcape in a research note on Tuesday, June 18th. Berenberg Bank restated a “buy” rating and issued a GBX 1,040 ($13.19) price target on shares of Inchcape in a research note on Thursday, April 25th. Finally, JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 1,050 ($13.32) price target on shares of Inchcape in a research note on Thursday, April 4th.

Inchcape Trading Up 0.0 %

The company has a current ratio of 1.06, a quick ratio of 0.51 and a debt-to-equity ratio of 222.65. The company has a market capitalization of £3.10 billion, a price-to-earnings ratio of 1,157.69, a PEG ratio of 2.06 and a beta of 1.19. The company has a fifty day moving average of GBX 783.14 and a 200-day moving average of GBX 720.67.

Insider Buying and Selling

In related news, insider Adrian Lewis sold 14,721 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of GBX 788 ($10.00), for a total value of £116,001.48 ($147,153.98). In other news, insider Alison Platt bought 12,143 shares of the business’s stock in a transaction on Thursday, May 30th. The shares were bought at an average price of GBX 823 ($10.44) per share, with a total value of £99,936.89 ($126,775.20). Also, insider Adrian Lewis sold 14,721 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of GBX 788 ($10.00), for a total value of £116,001.48 ($147,153.98). 14.56% of the stock is currently owned by insiders.

About Inchcape

Inchcape plc operates as an automotive distributor and retailer. It engages in the distribution, sales, and marketing of new and used cars, and parts. The company also provides aftersales service and body shop repairs; and finance and insurance products and services. It operates in the Asia Pacific, the United Kingdom, rest of Europe, the Americas, and Africa.