Inchcape plc (LON:INCH) Stock Has Consensus Target Price of GBX 1,057.40

Inchcape plc (LON:INCH) has received a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is GBX 1,057.40.

INCH has been the subject of several recent analyst reports. Jefferies Financial Group reissued a “buy” rating and issued a GBX 1,050 price target on shares of Inchcape in a research note on Wednesday, July 29th. Citigroup lifted their price objective on shares of Inchcape from GBX 1,274 to GBX 1,277 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Inchcape from GBX 830 to GBX 870 and gave the stock a “hold” rating in a report on Wednesday, July 29th. Finally, Berenberg Bank reissued a “buy” rating and set a GBX 1,170 target price on shares of Inchcape in a research note on Tuesday, July 28th.

Inchcape Stock Performance

Shares of LON INCH opened at GBX 739.50 on Friday. The company has a current ratio of 1.03, a quick ratio of 0.51 and a debt-to-equity ratio of 125.11. The stock has a 50 day simple moving average of GBX 818.21 and a 200-day simple moving average of GBX 809. The company has a market cap of £2.55 billion, a PE ratio of 11.66, a P/E/G ratio of 2.06 and a beta of 0.97. Inchcape has a 12-month low of GBX 682.50 and a 12-month high of GBX 895.

Inchcape (LON:INCH) last posted its earnings results on Tuesday, July 28th. The company reported GBX 35.50 EPS for the quarter. Inchcape had a return on equity of 19.59% and a net margin of 2.44%. On average, equities research analysts forecast that Inchcape will post 85.9639233 EPS for the current year.

Inchcape announced that its Board of Directors has authorized a share repurchase program on Tuesday, July 28th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

Insider Activity

In related news, insider Tracy Clarke acquired 3,029 shares of the stock in a transaction that occurred on Tuesday, July 28th. The shares were acquired at an average price of GBX 819 per share, for a total transaction of £24,807.51. 9.43% of the stock is owned by company insiders.

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. Our distribution platform connects the products of mobility company partners with customers, and our responsibilities span product planning and pricing, import and logistics, brand and marketing to operating digital sales, managing physical sales and aftermarket service channels.