Inchcape plc (LON:INCH) Insider Buys £43,500 in Stock

Inchcape plc (LON:INCH) insider Byron Elmer Grote purchased 6,000 shares of Inchcape stock in a transaction that occurred on Friday, October 25th. The shares were bought at an average price of GBX 725 ($9.41) per share, with a total value of £43,500 ($56,478.84).

Inchcape Stock Up 1.2 %

INCH stock opened at GBX 730.81 ($9.49) on Monday. The company has a market cap of £2.95 billion, a price-to-earnings ratio of 1,091.04, a PEG ratio of 2.06 and a beta of 1.19. The company has a current ratio of 1.10, a quick ratio of 0.51 and a debt-to-equity ratio of 198.14. Inchcape plc has a 12 month low of GBX 597.50 ($7.76) and a 12 month high of GBX 874 ($11.35). The firm has a 50-day moving average of GBX 804.08 and a two-hundred day moving average of GBX 794.73.

Inchcape Cuts Dividend

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

Analyst Ratings Changes

Separately, Berenberg Bank upped their price target on shares of Inchcape from GBX 1,040 ($13.50) to GBX 1,120 ($14.54) and gave the stock a “buy” rating in a research report on Thursday, August 8th.

Inchcape Company Profile

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.