Inchcape (LON:INCH) Stock Rating Reaffirmed by Jefferies Financial Group

Posted by on Apr 8th, 2023

Inchcape (LON:INCH – Get Rating)‘s stock had its “buy” rating restated by stock analysts at Jefferies Financial Group in a report issued on Thursday, MarketBeat.com reports. They currently have a GBX 1,290 ($16.02) price objective on the stock. Jefferies Financial Group’s price target points to a potential upside of 72.34% from the stock’s current price.

A number of other equities research analysts have also weighed in on the company. Citigroup restated a “buy” rating and set a GBX 1,131 ($14.05) price objective on shares of Inchcape in a research report on Tuesday, March 7th. Berenberg Bank restated a “buy” rating and set a GBX 1,085 ($13.47) target price on shares of Inchcape in a research report on Tuesday, February 21st. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of GBX 1,067.20 ($13.25).

Inchcape Price Performance

Shares of LON INCH opened at GBX 748.50 ($9.30) on Thursday. The business’s 50 day moving average is GBX 864.72 and its 200-day moving average is GBX 826.14. Inchcape has a 1-year low of GBX 640.10 ($7.95) and a 1-year high of GBX 941 ($11.69). The company has a current ratio of 1.17, a quick ratio of 0.51 and a debt-to-equity ratio of 123.89. The firm has a market cap of £3.09 billion, a P/E ratio of 1,439.42, a price-to-earnings-growth ratio of 2.06 and a beta of 1.29.

Insider Buying and Selling

In other Inchcape news, insider Byron Elmer Grote acquired 15,000 shares of the business’s stock in a transaction dated Friday, March 24th. The stock was purchased at an average price of GBX 724 ($8.99) per share, with a total value of £108,600 ($134,873.32). 13.39% of the stock is owned by company insiders.

Inchcape Company Profile

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Inchcape plc operates as an automotive distributor and retailer. The company engages in the distribution, sales, and marketing of new and used cars, and parts. It also provides aftersales service and body shop repairs; and finance and insurance products and services. The company operates in the Asia Pacific, the United Kingdom, rest of Europe, the Americas, and Africa.

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Analyst Recommendations for Inchcape (LON:INCH)

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