Inchcape (LON:INCH)‘s stock had its “overweight” rating restated by research analysts at JPMorgan Chase & Co. in a report released on Wednesday. They presently have a GBX 920 ($12.71) target price on the stock. JPMorgan Chase & Co.’s price target would indicate a potential upside of 35.39% from the stock’s current price.
Several other equities analysts have also recently issued reports on INCH. Deutsche Bank reduced their target price on Inchcape from GBX 925 ($12.78) to GBX 910 ($12.57) and set a “buy” rating on the stock in a research note on Friday, December 8th. Berenberg Bank cut Inchcape to a “hold” rating and reduced their target price for the company from GBX 860 ($11.88) to GBX 825 ($11.40) in a research note on Tuesday, January 16th. Finally, Barclays started coverage on Inchcape in a research note on Thursday, February 1st. They set an “underweight” rating and a GBX 695 ($9.60) target price on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 866.44 ($11.97).
Inchcape (INCH) opened at GBX 679.50 ($9.39) on Wednesday. Inchcape has a 12 month low of GBX 660.50 ($9.13) and a 12 month high of GBX 885 ($12.23). The stock has a market capitalization of $2,820.00 and a P/E ratio of 1,415.63.
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Inchcape plc is a United Kingdom-based automotive distributor and retailer. The Company operates in approximately 30 markets. The Company’s segments include Distribution, Retail and Central. The Distribution segment includes regions, such as Australasia, the United Kingdom and Europe, Asia, and Emerging Markets.
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