Inchcape plc (INCH) Given Consensus Rating of “Buy” by Brokerages
Inchcape plc (LON:INCH) has been assigned an average recommendation of “Buy” from the nine analysts that are covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is GBX 875.33 ($11.40).
A number of research analysts recently issued reports on INCH shares. HSBC Holdings plc lifted their target price on Inchcape plc from GBX 940 ($12.24) to GBX 1,030 ($13.41) and gave the stock a “buy” rating in a report on Wednesday, May 17th. Deutsche Bank AG lifted their target price on Inchcape plc from GBX 920 ($11.98) to GBX 925 ($12.05) and gave the stock a “buy” rating in a report on Monday, July 10th.
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Shares of Inchcape plc (LON:INCH) opened at 838.50 on Friday. The company has a 50 day moving average of GBX 789.55 and a 200 day moving average of GBX 798.07. Inchcape plc has a 52-week low of GBX 587.00 and a 52-week high of GBX 861.00. The stock’s market capitalization is GBX 3.51 billion.
The business also recently declared a dividend, which will be paid on Wednesday, September 6th. Investors of record on Thursday, August 3rd will be paid a GBX 7.90 ($0.10) dividend. The ex-dividend date is Thursday, August 3rd. This represents a yield of 0.96%.
In related news, insider Till Vestring sold 25,000 shares of Inchcape plc stock in a transaction dated Friday, May 26th. The stock was sold at an average price of GBX 845 ($11.00), for a total value of £211,250 ($275,100.92). Also, insider Stefan Bomhard sold 34,579 shares of Inchcape plc stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of GBX 777 ($10.12), for a total value of £268,678.83 ($349,887.78).
About Inchcape plc
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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