Inchcape’s (INCH) “Buy” Rating Reiterated at Citigroup

Citigroup reaffirmed their buy rating on shares of Inchcape (LON:INCH) in a research note released on Tuesday morning, MarketBeat.com reports.

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,120 ($13.78) price target on shares of Inchcape in a research report on Friday, October 25th.

Inchcape Stock Up 0.3 %

INCH stock opened at GBX 755.79 ($9.30) on Tuesday. The business has a 50 day moving average of GBX 762.27 and a 200 day moving average of GBX 788.26. The firm has a market cap of £3.05 billion, a PE ratio of 1,128.04, a price-to-earnings-growth ratio of 2.06 and a beta of 1.19. Inchcape has a twelve month low of GBX 597.50 ($7.35) and a twelve month high of GBX 874 ($10.75). The company has a quick ratio of 0.51, a current ratio of 1.10 and a debt-to-equity ratio of 198.14.

Insider Activity at Inchcape

In related news, insider Byron Elmer Grote bought 4,000 shares of the stock in a transaction on Tuesday, October 29th. The shares were acquired at an average price of GBX 730 ($8.98) per share, for a total transaction of £29,200 ($35,929.62). 14.84% of the stock is currently owned by insiders.

About Inchcape

Inchcape is the leading global automotive distributor, with operations across six continents. By combining our in-market expertise with our unique technology and advanced data analytics, we create innovative customer experiences that deliver outstanding performance for our partners – building stronger automotive brands and creating sustainable growth.