Inchcape (LON:INCH) Shares Down 13.3% – Time to Sell?

Inchcape plc (LON:INCHGet Free Report)’s stock price was down 13.3% on Friday . The stock traded as low as GBX 624.50 ($7.80) and last traded at GBX 652 ($8.14). Approximately 12,121,266 shares traded hands during mid-day trading, an increase of 240% from the average daily volume of 3,566,330 shares. The stock had previously closed at GBX 752 ($9.39).

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on INCH shares. JPMorgan Chase & Co. downgraded shares of Inchcape to a “neutral” rating in a research note on Thursday. Citigroup restated a “buy” rating on shares of Inchcape in a research report on Tuesday, January 7th. Finally, Berenberg Bank restated a “buy” rating and set a GBX 1,120 ($13.98) price objective on shares of Inchcape in a research report on Friday, October 25th.

View Our Latest Stock Report on INCH

Inchcape Trading Down 0.1 %

The firm has a market capitalization of £2.63 billion, a price-to-earnings ratio of 972.09, a PEG ratio of 2.06 and a beta of 1.19. The business’s 50-day simple moving average is GBX 759.18 and its two-hundred day simple moving average is GBX 786.33. The company has a quick ratio of 0.51, a current ratio of 1.10 and a debt-to-equity ratio of 198.14.

Insider Buying and Selling at Inchcape

In other Inchcape news, insider Byron Elmer Grote acquired 4,000 shares of the stock in a transaction dated Tuesday, October 29th. The stock was acquired at an average price of GBX 730 ($9.11) per share, with a total value of £29,200 ($36,449.88). Company insiders own 14.84% of the company’s stock.

About Inchcape

(Get Free Report)

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.

Featured Articles

Receive News & Ratings for Inchcape Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Inchcape and related companies with MarketBeat.com's FREE daily email newsletter.