Inchcape plc (INCH) Receives Average Rating of “Buy” from Analysts
Inchcape plc (LON:INCH) has received an average rating of “Buy” from the nine brokerages that are currently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and six 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 875.89 ($11.79).
INCH has been the topic of a number of research analyst reports. Deutsche Bank dropped their price objective on shares of Inchcape from GBX 925 ($12.45) to GBX 910 ($12.25) and set a “buy” rating on the stock in a report on Friday, December 8th. J P Morgan Chase & Co restated an “overweight” rating and set a GBX 920 ($12.38) price objective on shares of Inchcape in a report on Friday, October 27th.
In other Inchcape news, insider Till Vestring purchased 353 shares of the stock in a transaction on Wednesday, November 1st. The shares were purchased at an average cost of GBX 785 ($10.57) per share, for a total transaction of £2,771.05 ($3,729.54).
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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