Inchcape (LON:INCH) Shares Down 13.3% – Should You Sell?

Shares of Inchcape plc (LON:INCH) traded down 13.3% during trading on Friday . The stock traded as low as GBX 624.50 ($7.71) and last traded at GBX 652 ($8.05). 12,121,266 shares changed hands during mid-day trading, an increase of 240% from the average session volume of 3,566,330 shares. The stock had previously closed at GBX 752 ($9.29).

Analyst Upgrades and Downgrades

INCH has been the subject of several research reports. JPMorgan Chase & Co. downgraded shares of Inchcape to a “neutral” rating in a report on Thursday. Citigroup reissued a “buy” rating on shares of Inchcape in a research note on Tuesday, January 7th. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,120 ($13.83) target price on shares of Inchcape in a research report on Friday, October 25th.

Inchcape Stock Down 0.2 %

The firm has a market cap of £2.62 billion, a PE ratio of 970.90, a price-to-earnings-growth ratio of 2.06 and a beta of 1.19. The company has a quick ratio of 0.51, a current ratio of 1.10 and a debt-to-equity ratio of 198.14. The business has a 50-day moving average price of GBX 761.12 and a two-hundred day moving average price of GBX 787.37.

Insiders Place Their Bets

In other Inchcape news, insider Byron Elmer Grote purchased 4,000 shares of the firm’s stock in a transaction on Tuesday, October 29th. The stock was bought at an average cost of GBX 730 ($9.02) per share, with a total value of £29,200 ($36,067.19). 14.84% of the stock is owned by company 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.