Inchcape plc (INCH) Receives Average Recommendation of “Hold” from Analysts

Shares of Inchcape plc (LON:INCH) have been assigned an average rating of “Hold” from the nine brokerages that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is GBX 867 ($12.18).

INCH has been the topic of several recent analyst reports. Deutsche Bank boosted their target price on Inchcape from GBX 910 ($12.78) to GBX 920 ($12.92) and gave the stock a “buy” rating in a report on Tuesday, January 2nd. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 920 ($12.92) target price on shares of Inchcape in a report on Friday, October 27th. Barclays initiated coverage on Inchcape in a report on Thursday. They set an “underweight” rating and a GBX 695 ($9.76) target price on the stock. Finally, Berenberg Bank cut Inchcape to a “hold” rating and dropped their target price for the stock from GBX 860 ($12.08) to GBX 825 ($11.59) in a report on Tuesday, January 16th.

Shares of Inchcape (INCH) opened at GBX 708.50 ($9.95) on Friday. Inchcape has a twelve month low of GBX 705.50 ($9.91) and a twelve month high of GBX 885 ($12.43). The company has a market capitalization of $2,940.00 and a P/E ratio of 1,476.04.

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About Inchcape

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 (LON:INCH)

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