Inchcape plc (LON:INCH) has received an average rating of “Buy” from the eight analysts that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is GBX 864.71 ($11.73).
Several equities analysts have commented on the stock. Barclays assumed coverage on shares of Inchcape in a research note on Thursday, February 1st. They issued an “underweight” rating and a GBX 695 ($9.43) price target for the company. JPMorgan Chase restated an “overweight” rating and issued a GBX 920 ($12.48) price target on shares of Inchcape in a research note on Wednesday, February 28th. Deutsche Bank restated a “buy” rating on shares of Inchcape in a research note on Monday, May 14th. HSBC restated a “buy” rating on shares of Inchcape in a research note on Tuesday, March 27th. Finally, BNP Paribas upgraded shares of Inchcape to an “outperform” rating and dropped their price target for the stock from GBX 1,050 ($14.24) to GBX 950 ($12.89) in a research note on Thursday, April 5th.
In other news, insider Richard Howes sold 52,195 shares of the business’s stock in a transaction dated Friday, May 4th. The shares were sold at an average price of GBX 741 ($10.05), for a total transaction of £386,764.95 ($524,640.46). Also, insider Nigel Stein purchased 232 shares of the company’s stock in a transaction dated Thursday, March 1st. The shares were purchased at an average price of GBX 678 ($9.20) per share, for a total transaction of £1,572.96 ($2,133.70).
Inchcape traded down GBX 4.50 ($0.06), hitting GBX 735.50 ($9.98), during trading on Monday, MarketBeat.com reports. The company had a trading volume of 1,096,945 shares, compared to its average volume of 1,390,000. Inchcape has a 1-year low of GBX 660.50 ($8.96) and a 1-year high of GBX 885 ($12.00).
The firm also recently announced a dividend, which will be paid on Friday, June 22nd. Stockholders of record on Thursday, May 17th will be issued a GBX 18.90 ($0.26) dividend. This represents a dividend yield of 2.79%. This is a boost from Inchcape’s previous dividend of $7.90. The ex-dividend date is Thursday, May 17th.
Inchcape Company Profile
Inchcape plc operates as an automotive distributor and retailer in the premium and luxury automotive sectors. The company sells and retails new and used cars of various brands. It also provides after sales servicing and parts; and vehicle finance and insurance products and services. The company operates in Asia, Australasia, the United Kingdom, Europe, Africa, South America, and Russia.
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