Citigroup Reiterates “Buy” Rating for Inchcape (LON:INCH)

Inchcape (LON:INCH)‘s stock had its “buy” rating restated by equities research analysts at Citigroup in a report issued on Tuesday, MarketBeat reports.

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 1,120 ($13.84) target price on shares of Inchcape in a research report on Friday, October 25th.

Inchcape Price Performance

Shares of INCH opened at GBX 753.50 ($9.31) on Tuesday. The firm has a 50-day simple moving average of GBX 761.72 and a two-hundred day simple moving average of GBX 788.49. The stock has a market cap of £3.04 billion, a PE ratio of 1,124.63, a P/E/G ratio of 2.06 and a beta of 1.19. Inchcape has a 1-year low of GBX 597.50 ($7.39) and a 1-year high of GBX 874 ($10.80). The company has a debt-to-equity ratio of 198.14, a current ratio of 1.10 and a quick ratio of 0.51.

Insider Activity

In other news, insider Byron Elmer Grote bought 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The shares were purchased at an average cost of GBX 730 ($9.02) per share, for a total transaction of £29,200 ($36,093.94). Insiders own 14.84% 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.