Inchcape (INCH) Rating Reiterated by JPMorgan Chase & Co.
JPMorgan Chase & Co. reissued their overweight rating on shares of Inchcape (LON:INCH) in a research note published on Wednesday. JPMorgan Chase & Co. currently has a GBX 920 ($12.71) target price on the stock.
INCH has been the subject of a number of other research reports. Berenberg Bank downgraded shares of Inchcape to a hold rating and reduced their price objective for the company from GBX 860 ($11.88) to GBX 825 ($11.40) in a research report on Tuesday, January 16th. Barclays began coverage on shares of Inchcape in a research report on Thursday, February 1st. They issued an underweight rating and a GBX 695 ($9.60) price objective for the company. Finally, Deutsche Bank reduced their price objective on shares of Inchcape from GBX 925 ($12.78) to GBX 910 ($12.57) and set a buy rating for the company in a research report on Friday, December 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. Inchcape presently has a consensus rating of Buy and an average target price of GBX 880.38 ($12.16).
Shares of Inchcape (INCH) opened at GBX 674.50 ($9.32) on Wednesday. The company has a market cap of $2,800.00 and a PE ratio of 1,053.91. Inchcape has a 12-month low of GBX 660.50 ($9.13) and a 12-month high of GBX 885 ($12.23).
In related news, insider Nigel Stein purchased 232 shares of Inchcape stock in a transaction dated Thursday, March 1st. The stock was bought at an average cost of GBX 678 ($9.37) per share, for a total transaction of £1,572.96 ($2,173.20).
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.
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