Inchcape plc (LON:INCH – Get Free Report)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 744.87 ($9.52) and traded as high as GBX 806.50 ($10.31). Inchcape shares last traded at GBX 787.50 ($10.06), with a volume of 485,625 shares trading hands.
Analyst Ratings Changes
A number of analysts recently commented on the company. Berenberg Bank lifted their price target on shares of Inchcape from GBX 1,040 ($13.29) to GBX 1,120 ($14.31) and gave the company a “buy” rating in a report on Thursday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 1,100 ($14.06) target price on shares of Inchcape in a research report on Tuesday, June 18th.
View Our Latest Stock Analysis on INCH
Inchcape Stock Performance
Inchcape Cuts Dividend
The firm also recently announced a dividend, which will be paid on Friday, September 6th. Stockholders of record on Thursday, August 8th will be issued a dividend of GBX 11.30 ($0.14) per share. The ex-dividend date is Thursday, August 8th. This represents a dividend yield of 1.34%. Inchcape’s payout ratio is 5,230.77%.
Insider Transactions at Inchcape
In related news, insider Adrian Lewis sold 14,721 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of GBX 788 ($10.07), for a total transaction of £116,001.48 ($148,244.70). In other news, insider Alison Platt bought 12,143 shares of the firm’s stock in a transaction on Thursday, May 30th. The stock was acquired at an average cost of GBX 823 ($10.52) per share, with a total value of £99,936.89 ($127,714.88). Also, insider Adrian Lewis sold 14,721 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of GBX 788 ($10.07), for a total transaction of £116,001.48 ($148,244.70). Insiders own 14.56% 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, as well as product planning, logistics, brand and marketing, channel management, and retail services.
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