Inchcape plc (INCH) Receives Consensus Recommendation of “Buy” from Brokerages

Inchcape plc (LON:INCH) has been assigned a consensus rating of “Buy” from the nine ratings firms that are currently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is GBX 878.67 ($11.56).

INCH has been the subject of several analyst reports. J P Morgan Chase & Co restated an “overweight” rating and set a GBX 920 ($12.10) price target on shares of Inchcape plc in a research report on Friday, October 27th. Deutsche Bank AG restated a “buy” rating and set a GBX 935 ($12.30) price target on shares of Inchcape plc in a research report on Tuesday, October 10th.

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In other news, insider Till Vestring acquired 353 shares of the stock in a transaction dated Wednesday, November 1st. The stock was purchased at an average cost of GBX 785 ($10.32) per share, with a total value of £2,771.05 ($3,644.68).

Shares of Inchcape plc (LON:INCH) opened at GBX 726.50 ($9.56) on Monday. Inchcape plc has a 1-year low of GBX 587 ($7.72) and a 1-year high of GBX 885 ($11.64).

Inchcape plc Company Profile

Inchcape plc is a United Kingdom-based automotive distributor and retailer. The Company operates in approximately 30 markets. The Company’s segments include Distribution, Retail and Central. The Distribution segment includes regions, such as Australasia, the United Kingdom and Europe, Asia, and Emerging Markets.

Analyst Recommendations for Inchcape plc (LON:INCH)

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