Inchcape (LON:INCH) Stock Price Expected to Rise, Citigroup Analyst Says

Inchcape (LON:INCH) had its target price upped by Citigroup from GBX 1,113 ($14.39) to GBX 1,194 ($15.43) in a note issued to investors on Thursday, Marketbeat Ratings reports. The firm currently has a “buy” rating on the stock. Citigroup’s target price suggests a potential upside of 65.60% from the stock’s current price.

Separately, JPMorgan Chase & Co. downgraded shares of Inchcape to a “neutral” rating in a research report on Thursday, January 23rd.

Inchcape Price Performance

INCH opened at GBX 721 ($9.32) on Thursday. The company has a 50-day moving average of GBX 701.21 and a 200-day moving average of GBX 755.11. The company has a market capitalization of £2.83 billion, a P/E ratio of 11.52, a PEG ratio of 2.06 and a beta of 1.19. Inchcape has a 1-year low of GBX 624 ($8.07) and a 1-year high of GBX 874 ($11.30). 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 released its earnings results on Tuesday, March 4th. The company reported GBX 71.30 ($0.92) earnings per share for the quarter. Inchcape had a net margin of 2.45% and a return on equity of 17.60%. Equities analysts expect that Inchcape will post 85.9639233 EPS for the current fiscal year.

Insider Activity at Inchcape

In other news, insider Duncan Tait bought 6,948 shares of Inchcape stock in a transaction on Tuesday, March 4th. The stock was purchased at an average cost of GBX 716 ($9.25) per share, with a total value of £49,747.68 ($64,298.41). 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.