Inchcape plc (LON:INCH) Announces Dividend of GBX 24.30

Inchcape plc (LON:INCH) announced a dividend on Tuesday, March 5th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, May 2nd will be given a dividend of GBX 24.30 ($0.31) per share on Monday, June 17th. This represents a yield of 3.57%. The ex-dividend date of this dividend is Thursday, May 2nd. This is an increase from Inchcape’s previous dividend of $9.60. The official announcement can be viewed at this link.

Inchcape Stock Performance

LON:INCH opened at GBX 804.47 ($10.11) on Wednesday. The company has a market capitalization of £3.31 billion, a PE ratio of 1,234.40, a P/E/G ratio of 2.06 and a beta of 1.22. Inchcape has a fifty-two week low of GBX 597.50 ($7.51) and a fifty-two week high of GBX 1,086.62 ($13.65). The company has a 50 day simple moving average of GBX 696.66 and a two-hundred day simple moving average of GBX 684.55. The company has a debt-to-equity ratio of 222.65, a quick ratio of 0.51 and a current ratio of 1.06.

Analysts Set New Price Targets

INCH has been the topic of a number of research analyst reports. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 1,050 ($13.19) price target on shares of Inchcape in a report on Thursday, April 4th. Berenberg Bank restated a “buy” rating and set a GBX 1,040 ($13.06) price target on shares of Inchcape in a report on Thursday, April 25th.

Insiders Place Their Bets

In other news, insider Byron Elmer Grote bought 7,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The shares were bought at an average cost of GBX 637 ($8.00) per share, for a total transaction of £44,590 ($56,010.55). In other news, insider Byron Elmer Grote bought 7,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The shares were bought at an average cost of GBX 637 ($8.00) per share, for a total transaction of £44,590 ($56,010.55). Also, insider Duncan Tait bought 9,590 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was purchased at an average price of GBX 622 ($7.81) per share, for a total transaction of £59,649.80 ($74,927.52). Company insiders own 11.45% of the company’s stock.

Inchcape Company Profile

Inchcape plc operates as an automotive distributor and retailer. It engages in the distribution, sales, and marketing of new and used cars, and parts. The company also provides aftersales service and body shop repairs; and finance and insurance products and services. It operates in the Asia Pacific, the United Kingdom, rest of Europe, the Americas, and Africa.