Inchcape (LON:INCH) Stock Price Crosses Above 200-Day Moving Average of $775.98

Inchcape plc (LON:INCH)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 775.98 ($10.25) and traded as high as GBX 833.50 ($11.01). Inchcape shares last traded at GBX 793 ($10.48), with a volume of 1,327,864 shares traded.

Analyst Ratings Changes

INCH has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 1,100 ($14.53) target price on shares of Inchcape in a research report on Tuesday, June 18th. Berenberg Bank boosted their target price on Inchcape from GBX 1,040 ($13.74) to GBX 1,120 ($14.80) and gave the company a “buy” rating in a research report on Thursday, August 8th.

Inchcape Stock Down 4.7 %

The firm has a market capitalization of £3.23 billion, a PE ratio of 1,183.58, a PEG ratio of 2.06 and a beta of 1.19. The company has a debt-to-equity ratio of 198.14, a quick ratio of 0.51 and a current ratio of 1.10. The company has a fifty day simple moving average of GBX 830.74 and a two-hundred day simple moving average of GBX 775.98.

Inchcape Cuts Dividend

The firm also recently disclosed 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. This represents a yield of 1.34%. The ex-dividend date was Thursday, August 8th. Inchcape’s payout ratio is 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.