Inchcape (LON:INCH) Earns “Buy” Rating from Citigroup

Inchcape (LON:INCH)‘s stock had its “buy” rating reaffirmed by research analysts at Citigroup in a note issued to investors on Tuesday, MarketBeat.com reports.

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 1,120 ($13.84) price target on shares of Inchcape in a research report on Friday, October 25th.

Inchcape Price Performance

Shares of LON:INCH opened at GBX 753.50 ($9.31) on Tuesday. The company has a 50-day moving average price of GBX 761.72 and a 200 day moving average price of GBX 788.49. Inchcape has a 52 week low of GBX 597.50 ($7.39) and a 52 week high of GBX 874 ($10.80). The company has a market cap of £3.04 billion, a P/E ratio of 1,124.63, a PEG ratio of 2.06 and a beta of 1.19. The company has a quick ratio of 0.51, a current ratio of 1.10 and a debt-to-equity ratio of 198.14.

Insider Activity

In related news, insider Byron Elmer Grote acquired 4,000 shares of Inchcape stock in a transaction dated Tuesday, October 29th. The shares were acquired at an average cost of GBX 730 ($9.02) per share, for a total transaction of £29,200 ($36,093.94). Company insiders own 14.84% of the company’s stock.

Inchcape Company Profile

Inchcape is the leading global automotive distributor, with operations across six continents. By combining our in-market expertise with our unique technology and advanced data analytics, we create innovative customer experiences that deliver outstanding performance for our partners – building stronger automotive brands and creating sustainable growth.