Inchcape (INCH) Sets New 52-Week Low at $687.50

Inchcape plc (LON:INCH) hit a new 52-week low during trading on Friday . The company traded as low as GBX 687.50 ($9.64) and last traded at GBX 688.50 ($9.65), with a volume of 1449384 shares traded. The stock had previously closed at GBX 696.50 ($9.77).

INCH has been the topic of a number of analyst reports. Berenberg Bank cut shares of Inchcape to a “hold” rating and dropped their price objective for the stock from GBX 860 ($12.06) to GBX 825 ($11.57) in a research note on Tuesday, January 16th. Deutsche Bank raised their price objective on shares of Inchcape from GBX 910 ($12.76) to GBX 920 ($12.90) and gave the stock a “buy” rating in a research note on Tuesday, January 2nd. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 920 ($12.90) price objective on shares of Inchcape in a research note on Friday, October 27th. Finally, Barclays began coverage on Inchcape in a research report on Thursday, February 1st. They set an “underweight” rating and a GBX 695 ($9.74) target price on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 867 ($12.16).

The company has a market capitalization of $2,860.00 and a PE ratio of 1,434.38.

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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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