Inchcape plc (LON:INCH) insider Nigel Stein bought 232 shares of the business’s stock in a transaction that occurred on Thursday, March 1st. The stock was acquired at an average cost of GBX 678 ($9.37) per share, for a total transaction of £1,572.96 ($2,173.20).
Inchcape plc (INCH) remained flat at $GBX 678.50 ($9.37) during trading on Thursday. 1,460,000 shares of the company were exchanged, compared to its average volume of 1,230,000. The firm has a market capitalization of $2,820.00 and a P/E ratio of 1,060.16. Inchcape plc has a 1 year low of GBX 660.50 ($9.13) and a 1 year high of GBX 885 ($12.23).
INCH has been the topic of several recent analyst reports. Deutsche Bank raised their target price on Inchcape from GBX 910 ($12.57) to GBX 920 ($12.71) and gave the stock a “buy” rating in a research note on Tuesday, January 2nd. Berenberg Bank cut Inchcape to a “hold” rating and cut their target price for the stock from GBX 860 ($11.88) to GBX 825 ($11.40) in a research note on Tuesday, January 16th. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 920 ($12.71) target price on shares of Inchcape in a research note on Wednesday. Finally, Barclays cut their target price on Inchcape from GBX 695 ($9.60) to GBX 690 ($9.53) and set an “underweight” rating on the stock in a research note on Wednesday. One 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 company. The stock has a consensus rating of “Hold” and an average price target of GBX 866.44 ($11.97).
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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