Inchcape plc (LON:INCH – Get Free Report)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 724.02 ($9.16) and traded as high as GBX 790.50 ($10.00). Inchcape shares last traded at GBX 790.50 ($10.00), with a volume of 1,322,696 shares changing hands.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on INCH shares. Berenberg Bank reiterated a “buy” rating and issued a GBX 1,040 ($13.15) target price on shares of Inchcape in a research note on Thursday, April 25th. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 1,050 ($13.28) target price on shares of Inchcape in a research note on Thursday, April 4th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 1,100 ($13.91) price target on shares of Inchcape in a research note on Tuesday, June 18th.
Get Our Latest Report on Inchcape
Inchcape Price Performance
Insiders Place Their Bets
In other news, insider Alison Platt bought 12,143 shares of Inchcape stock in a transaction on Thursday, May 30th. The shares were bought at an average price of GBX 823 ($10.41) per share, with a total value of £99,936.89 ($126,406.39). In other news, insider Adrian Lewis sold 14,721 shares of the stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of GBX 788 ($9.97), for a total transaction of £116,001.48 ($146,725.88). Also, insider Alison Platt purchased 12,143 shares of the company’s stock in a transaction dated Thursday, May 30th. The shares were bought at an average price of GBX 823 ($10.41) per share, for a total transaction of £99,936.89 ($126,406.39). 14.56% of the stock is currently owned by company insiders.
Inchcape Company Profile
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.
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