JPMorgan Chase & Co. Downgrades Inchcape (LON:INCH) to Neutral

JPMorgan Chase & Co. downgraded shares of Inchcape (LON:INCH) to a neutral rating in a report published on Thursday morning, Marketbeat Ratings reports.

Several other analysts have also recently issued reports on the stock. Citigroup reaffirmed a “buy” rating on shares of Inchcape in a report on Tuesday, January 7th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,120 ($13.83) price target on shares of Inchcape in a research report on Friday, October 25th.

Inchcape Price Performance

INCH stock opened at GBX 649 ($8.02) on Thursday. The company has a market capitalization of £2.62 billion, a PE ratio of 968.66, a P/E/G 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 stock’s 50 day moving average is GBX 761.12 and its two-hundred day moving average is GBX 787.37. Inchcape has a 52-week low of GBX 597.50 ($7.38) and a 52-week high of GBX 874 ($10.80).

Insider Buying and Selling at Inchcape

In related news, insider Byron Elmer Grote bought 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, for a total transaction of £29,200 ($36,067.19). 14.84% of the stock is owned by insiders.

Inchcape Company Profile

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.