Inchcape (LON:INCH) had its price target boosted by Deutsche Bank from GBX 910 ($12.17) to GBX 920 ($12.30) in a research note released on Tuesday. Deutsche Bank currently has a buy rating on the stock.
Separately, JPMorgan Chase & Co. reissued an overweight rating and issued a GBX 920 ($12.30) target price on shares of Inchcape in a research report on Friday, October 27th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Inchcape presently has an average rating of Buy and a consensus target price of GBX 892.88 ($11.94).
Inchcape (LON:INCH) traded down GBX 8.50 ($0.11) during midday trading on Tuesday, hitting GBX 784 ($10.48). The stock had a trading volume of 729,400 shares, compared to its average volume of 858,743. The firm has a market capitalization of $3,260.00 and a price-to-earnings ratio of 1,633.33. Inchcape has a 52 week low of GBX 700.50 ($9.37) and a 52 week high of GBX 885 ($11.83).
COPYRIGHT VIOLATION WARNING: This article was first posted by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this article on another publication, it was illegally stolen and reposted in violation of U.S. and international trademark and copyright laws. The correct version of this article can be viewed at https://www.chaffeybreeze.com/2018/01/05/deutsche-bank-raises-inchcape-inch-price-target-to-gbx-920.html.
Inchcape 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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Inchcape and related companies with MarketBeat.com's FREE daily email newsletter.