Inchcape (INCH) Given Overweight Rating at JPMorgan Chase & Co.

JPMorgan Chase & Co. reiterated their overweight rating on shares of Inchcape (LON:INCH) in a research note released on Wednesday, May 15th, ThisIsMoney.Co.Uk reports.

Other research analysts also recently issued reports about the company. Jefferies Financial Group began coverage on Inchcape in a research note on Tuesday, April 30th. They set a buy rating and a GBX 845 ($11.04) target price for the company. Berenberg Bank reiterated a hold rating and set a GBX 600 ($7.84) target price on shares of Inchcape in a research note on Monday, March 4th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of Buy and an average price target of GBX 716.33 ($9.36).

INCH stock traded up GBX 9 ($0.12) during mid-day trading on Wednesday, reaching GBX 615.50 ($8.04). The company had a trading volume of 897,102 shares, compared to its average volume of 1,390,000. The company has a quick ratio of 0.36, a current ratio of 1.07 and a debt-to-equity ratio of 158.95. The company has a market cap of $2.55 billion and a price-to-earnings ratio of 53.52. Inchcape has a 52 week low of GBX 482.20 ($6.30) and a 52 week high of GBX 826 ($10.79).

In related news, insider Richard Howes sold 52,193 shares of Inchcape stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of GBX 616 ($8.05), for a total transaction of £321,508.88 ($420,108.30).

Inchcape Company Profile

Inchcape plc operates as an automotive distributor and retailer in the premium and luxury automotive sectors. The company sells and retails new and used cars of various brands. It also provides after sales servicing and parts; and vehicle finance and insurance products and services. The company operates in Asia, Australasia, the United Kingdom, Europe, Africa, South America, and Russia.

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Analyst Recommendations for Inchcape (LON:INCH)

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