Inchcape plc (INCH) Given Consensus Rating of “Buy” by Analysts

Shares of Inchcape plc (LON:INCH) have earned an average rating of “Buy” from the nine research firms that are covering the firm. Three equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is GBX 855.33 ($10.77).

Several equities research analysts recently commented on the stock. BNP Paribas upgraded shares of Inchcape plc to an “outperform” rating and upped their price target for the company from GBX 735 ($9.25) to GBX 1,050 ($13.22) in a research report on Monday, March 27th. Canaccord Genuity upped their price target on shares of Inchcape plc from GBX 695 ($8.75) to GBX 738 ($9.29) and gave the company a “hold” rating in a research report on Tuesday, March 14th. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 900 ($11.33) price target on shares of Inchcape plc in a research report on Wednesday, March 8th. Citigroup Inc restated a “buy” rating and issued a GBX 870 ($10.95) price target on shares of Inchcape plc in a research report on Tuesday, March 7th. Finally, Berenberg Bank upped their price target on shares of Inchcape plc from GBX 760 ($9.57) to GBX 860 ($10.82) and gave the company a “buy” rating in a research report on Friday, March 3rd.

COPYRIGHT VIOLATION WARNING: This news story was originally reported by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are reading this news story on another site, it was copied illegally and reposted in violation of United States and international trademark and copyright laws. The correct version of this news story can be viewed at https://www.chaffeybreeze.com/2017/04/21/analysts-set-inchcape-plc-inch-pt-at-855-33-updated.html.

Inchcape plc (LON:INCH) opened at 845.50 on Tuesday. The firm’s 50-day moving average price is GBX 819.86 and its 200-day moving average price is GBX 714.22. Inchcape plc has a 1-year low of GBX 574.00 and a 1-year high of GBX 861.00. The firm’s market capitalization is GBX 3.55 billion.

The firm also recently declared a dividend, which will be paid on Friday, June 23rd. Stockholders of record on Thursday, May 18th will be paid a dividend of GBX 16.80 ($0.21) per share. This is a positive change from Inchcape plc’s previous dividend of $7.00. The ex-dividend date is Thursday, May 18th. This represents a dividend yield of 2.17%.

In related news, insider Jerry Buhlmann purchased 15,000 shares of the firm’s stock in a transaction on Thursday, March 16th. The shares were bought at an average cost of GBX 803 ($10.11) per share, for a total transaction of £120,450 ($151,604.78). Also, insider Nigel Stein purchased 202 shares of the firm’s stock in a transaction on Wednesday, March 1st. The stock was bought at an average price of GBX 778 ($9.79) per share, for a total transaction of £1,571.56 ($1,978.05).

Inchcape plc Company Profile

Inchcape plc is a United Kingdom-based automotive distributor and retailer. The Company operates in approximately 30 markets. The Company’s segments include Distribution, Retail and Central. The Distribution segment includes regions, such as Australasia, the United Kingdom and Europe, Asia, and Emerging Markets.

Receive News & Ratings for Inchcape plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Inchcape plc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply