Citigroup Forecasts Strong Price Appreciation for Inchcape (LON:INCH) Stock

Inchcape (LON:INCH) had its price target boosted by Citigroup from GBX 1,113 ($14.38) to GBX 1,194 ($15.43) in a report published on Thursday, MarketBeat reports. They currently have a buy rating on the stock.

Separately, JPMorgan Chase & Co. lowered Inchcape to a “neutral” rating in a research report on Thursday, January 23rd.

Inchcape Trading Down 0.3 %

LON INCH opened at GBX 721 ($9.32) on Thursday. The company has a quick ratio of 0.51, a current ratio of 1.10 and a debt-to-equity ratio of 206.10. Inchcape has a twelve month low of GBX 624 ($8.06) and a twelve month high of GBX 874 ($11.29). The firm has a market capitalization of £2.83 billion, a PE ratio of 11.52, a P/E/G ratio of 2.06 and a beta of 1.19. The stock’s 50 day moving average is GBX 700.28 and its 200 day moving average is GBX 754.87.

Inchcape (LON:INCH) last released its quarterly earnings results on Tuesday, March 4th. The company reported GBX 71.30 ($0.92) earnings per share for the quarter. Inchcape had a return on equity of 17.60% and a net margin of 2.45%. Research analysts forecast that Inchcape will post 85.9639233 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Duncan Tait bought 6,948 shares of the company’s stock in a transaction on Tuesday, March 4th. The shares were acquired at an average cost of GBX 716 ($9.25) per share, with a total value of £49,747.68 ($64,281.79). Corporate insiders own 14.84% of the company’s stock.

About Inchcape

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.