Inchcape (LON:INCH) Stock Passes Above 200 Day Moving Average of $783.42

Shares of Inchcape plc (LON:INCH) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 783.42 ($10.48) and traded as high as GBX 819.50 ($10.96). Inchcape shares last traded at GBX 796.50 ($10.65), with a volume of 676,012 shares.

Analyst Ratings Changes

INCH has been the topic of a number of research analyst reports. Berenberg Bank increased their price target on Inchcape from GBX 1,040 ($13.91) to GBX 1,120 ($14.98) and gave the company a “buy” rating in a research note on Thursday, August 8th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 1,100 ($14.71) price objective on shares of Inchcape in a report on Tuesday, June 18th.

Inchcape Price Performance

The stock has a market capitalization of £3.19 billion, a price-to-earnings ratio of 1,188.81, a P/E/G ratio of 2.06 and a beta of 1.19. The company’s 50-day simple moving average is GBX 827.36 and its 200-day simple moving average is GBX 783.42. The company has a debt-to-equity ratio of 198.14, a current ratio of 1.10 and a quick ratio of 0.51.

Inchcape Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, September 6th. Investors of record on Thursday, August 8th were issued a dividend of GBX 11.30 ($0.15) per share. The ex-dividend date of this dividend was Thursday, August 8th. This represents a yield of 1.34%. Inchcape’s payout ratio is currently 5,373.13%.

About Inchcape

Inchcape plc operates as an automotive distributor and retailer. It engages in the distribution, sales, and marketing of new and used cars, and parts. The company also provides aftersales service and body shop repairs; and finance and insurance products and services, as well as product planning, logistics, brand and marketing, channel management, and retail services.