Insider Buying: Inchcape plc (LON:INCH) Insider Buys 6,948 Shares of Stock

Inchcape plc (LON:INCH) insider Duncan Tait acquired 6,948 shares of the stock in a transaction on Tuesday, March 4th. The stock was bought at an average cost of GBX 716 ($9.16) per share, with a total value of £49,747.68 ($63,640.37).

Inchcape Price Performance

Shares of INCH opened at GBX 685.50 ($8.77) on Wednesday. The company has a 50 day moving average price of GBX 705.44 and a 200-day moving average price of GBX 757.34. Inchcape plc has a fifty-two week low of GBX 597.50 ($7.64) and a fifty-two week high of GBX 874 ($11.18). The stock has a market capitalization of £2.69 billion, a PE ratio of 10.95, a PEG ratio of 2.06 and a beta of 1.19. The company has a debt-to-equity ratio of 206.10, a quick ratio of 0.51 and a current ratio of 1.10.

Inchcape (LON:INCH) last posted its quarterly earnings data on Tuesday, March 4th. The company reported GBX 71.30 ($0.91) EPS for the quarter. Inchcape had a net margin of 2.45% and a return on equity of 17.60%. Equities analysts predict that Inchcape plc will post 85.9639233 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Citigroup reaffirmed a “buy” rating on shares of Inchcape in a research report on Tuesday, January 7th. JPMorgan Chase & Co. cut shares of Inchcape to a “neutral” rating in a research report on Thursday, January 23rd.

About Inchcape

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.