Inchcape plc (LON:INCH) Insider Buys £43,500 in Stock

Inchcape plc (LON:INCH) insider Byron Elmer Grote acquired 6,000 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The shares were bought at an average cost of GBX 725 ($9.41) per share, for a total transaction of £43,500 ($56,478.84).

Inchcape Price Performance

LON INCH traded up GBX 8.81 ($0.11) during trading hours on Friday, reaching GBX 730.81 ($9.49). The company’s stock had a trading volume of 914,963 shares, compared to its average volume of 1,191,802. The company has a debt-to-equity ratio of 198.14, a quick ratio of 0.51 and a current ratio of 1.10. The company’s 50-day moving average is GBX 805.99 and its two-hundred day moving average is GBX 793.95. Inchcape plc has a fifty-two week low of GBX 597.50 ($7.76) and a fifty-two week high of GBX 874 ($11.35). The stock has a market cap of £2.95 billion, a PE ratio of 1,083.58, a PEG ratio of 2.06 and a beta of 1.19.

Inchcape Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, September 6th. Investors of record on Thursday, August 8th were given a dividend of GBX 11.30 ($0.15) per share. The ex-dividend date of this dividend was Thursday, August 8th. This represents a dividend yield of 1.34%. Inchcape’s dividend payout ratio is currently 5,373.13%.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank upped their price target on Inchcape from GBX 1,040 ($13.50) to GBX 1,120 ($14.54) and gave the stock a “buy” rating in a report on Thursday, August 8th.

Inchcape Company Profile

Inchcape plc operates as an automotive distributor and retailer. It engages in the distribution, sales, and marketing of new and used cars, and parts. The company also provides aftersales service and body shop repairs; and finance and insurance products and services, as well as product planning, logistics, brand and marketing, channel management, and retail services.