Inchcape plc (LON:INCH) Insider Duncan Tait Acquires 6,948 Shares

Inchcape plc (LON:INCH) insider Duncan Tait acquired 6,948 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The shares were acquired at an average price of GBX 716 ($9.23) per share, with a total value of £49,747.68 ($64,107.84).

Inchcape Trading Up 1.0 %

LON:INCH opened at GBX 728 ($9.38) on Friday. The company has a market capitalization of £2.86 billion, a P/E ratio of 11.63, a PEG ratio of 2.06 and a beta of 1.19. The company has a current ratio of 1.10, a quick ratio of 0.51 and a debt-to-equity ratio of 206.10. Inchcape plc has a 12 month low of GBX 624 ($8.04) and a 12 month high of GBX 874 ($11.26). The firm has a fifty day simple moving average of GBX 702.29 and a 200-day simple moving average of GBX 755.80.

Inchcape (LON:INCH) last issued its quarterly earnings results on Tuesday, March 4th. The company reported GBX 71.30 ($0.92) EPS for the quarter. Inchcape had a return on equity of 17.60% and a net margin of 2.45%. On average, equities research analysts anticipate that Inchcape plc will post 85.9639233 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently issued reports on INCH shares. JPMorgan Chase & Co. lowered Inchcape to a “neutral” rating in a research report on Thursday, January 23rd. Citigroup upped their price objective on shares of Inchcape from GBX 1,113 ($14.34) to GBX 1,194 ($15.39) and gave the company a “buy” rating in a report on Thursday.

About Inchcape

Inchcape is the leading global automotive distributor, with operations across six continents. By combining our in-market expertise with our unique technology and advanced data analytics, we create innovative customer experiences that deliver outstanding performance for our partners – building stronger automotive brands and creating sustainable growth.