Inchcape (LON:INCH) Shares Down 13.7% – Time to Sell?

Inchcape plc (LON:INCH) dropped 13.7% during mid-day trading on Thursday . The stock traded as low as GBX 647 ($8.08) and last traded at GBX 649 ($8.10). Approximately 5,527,542 shares traded hands during trading, an increase of 75% from the average daily volume of 3,154,223 shares. The stock had previously closed at GBX 752 ($9.39).

Analyst Upgrades and Downgrades

INCH has been the topic of several recent research reports. Berenberg Bank restated a “buy” rating and set a GBX 1,120 ($13.98) target price on shares of Inchcape in a research report on Friday, October 25th. JPMorgan Chase & Co. lowered shares of Inchcape to a “neutral” rating in a research report on Thursday. Finally, Citigroup reissued a “buy” rating on shares of Inchcape in a research report on Tuesday, January 7th.

Inchcape Trading Down 0.1 %

The stock has a market capitalization of £2.63 billion, a P/E ratio of 972.09, 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 price is GBX 759.18 and its 200-day moving average price is GBX 786.40.

Insider Buying and Selling at Inchcape

In related news, insider Byron Elmer Grote acquired 4,000 shares of the stock in a transaction dated Tuesday, October 29th. The stock was acquired at an average cost of GBX 730 ($9.11) per share, for a total transaction of £29,200 ($36,458.98). 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.