Inchcape (INCH) Sets New 12-Month Low at $705.50

Inchcape plc (LON:INCH) reached a new 52-week low during trading on Thursday . The stock traded as low as GBX 705.50 ($9.91) and last traded at GBX 715.50 ($10.05), with a volume of 1308061 shares trading hands. The stock had previously closed at GBX 724.50 ($10.17).

Several equities research analysts recently commented on INCH shares. Deutsche Bank reaffirmed a “buy” rating and issued a GBX 935 ($13.13) price objective on shares of Inchcape in a research report on Tuesday, October 10th. Berenberg Bank cut shares of Inchcape to a “hold” rating and cut their price objective for the company from GBX 860 ($12.08) to GBX 825 ($11.59) in a research report on Tuesday, January 16th. Barclays started coverage on shares of Inchcape in a research report on Thursday. They set an “underweight” rating and a GBX 695 ($9.76) price target on the stock. Finally, JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 920 ($12.92) price target on shares of Inchcape in a research report on Friday, October 27th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of GBX 867 ($12.18).

The stock has a market cap of $3,010.00 and a PE ratio of 1,490.63.

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Inchcape 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.

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