Deutsche Bank AG reiterated their buy rating on shares of Inchcape plc (LON:INCH) in a research note published on Tuesday morning. Deutsche Bank AG currently has a GBX 835 ($10.33) price objective on the stock.
Several other research firms have also issued reports on INCH. BNP Paribas restated an outperform rating and issued a GBX 710 ($8.79) price target on shares of Inchcape plc in a research report on Monday, June 27th. Liberum Capital restated a hold rating and issued a GBX 680 ($8.42) price target on shares of Inchcape plc in a research report on Thursday, July 28th. JPMorgan Chase & Co. restated an overweight rating and issued a GBX 900 ($11.14) price target on shares of Inchcape plc in a research report on Thursday, June 23rd. Citigroup Inc. restated a buy rating and issued a GBX 750 ($9.28) price target on shares of Inchcape plc in a research report on Monday, August 1st. Finally, Numis Securities Ltd restated a hold rating and issued a GBX 750 ($9.28) price target on shares of Inchcape plc in a research report on Friday, July 29th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of GBX 790.56 ($9.78).
Inchcape plc (LON:INCH) opened at 678.365 on Tuesday. The firm’s market cap is GBX 2.92 billion. Inchcape plc has a 1-year low of GBX 574.00 and a 1-year high of GBX 823.00. The company’s 50 day moving average is GBX 681.57 and its 200-day moving average is GBX 684.55.
In other news, insider Stein,Nigel purchased 233 shares of Inchcape plc stock in a transaction on Monday, August 1st. The shares were purchased at an average cost of GBX 674 ($8.34) per share, for a total transaction of £1,570.42 ($1,943.59).
Inchcape plc Company Profile
Inchcape plc is a United Kingdom-based automotive distributor and retailer. The Company operates in approximately 26 markets. The Company operates in six geographic segments: Australasia, Europe, North Asia, South Asia, the United Kingdom and Emerging Markets. The Company’s operating businesses are categorized into approximately two market channels, such as distribution and retail.
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