Inchcape plc (LON:INCH) insider Till Vestring purchased 462 shares of the business’s stock in a transaction on Monday, December 3rd. The shares were bought at an average cost of GBX 600 ($7.84) per share, with a total value of £2,772 ($3,622.11).
Shares of Inchcape stock opened at GBX 564 ($7.37) on Thursday. Inchcape plc has a 52 week low of GBX 660.50 ($8.63) and a 52 week high of GBX 885 ($11.56).
INCH has been the subject of several recent research reports. HSBC lowered Inchcape to a “hold” rating and cut their price target for the company from GBX 860 ($11.24) to GBX 650 ($8.49) in a report on Wednesday, October 17th. JPMorgan Chase & Co. cut their price target on Inchcape from GBX 915 ($11.96) to GBX 823 ($10.75) and set an “overweight” rating for the company in a report on Friday, November 9th. Finally, Barclays raised Inchcape to an “overweight” rating and set a GBX 700 ($9.15) price target for the company in a report on Wednesday, October 31st. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of GBX 812 ($10.61).
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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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