Shares of Inchcape plc (LON:INCH – Get Free Report) 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.
View Our Latest Stock Analysis on Inchcape
Inchcape Price Performance
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.
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