Inchcape (LON:INCH) Trading Down 13.7% – What’s Next?

Inchcape plc (LON:INCH) shares traded down 13.7% during mid-day trading on Thursday . The stock traded as low as GBX 647 ($7.97) and last traded at GBX 649 ($7.99). 5,527,542 shares changed hands during mid-day trading, an increase of 75% from the average session volume of 3,154,223 shares. The stock had previously closed at GBX 752 ($9.26).

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on INCH shares. Berenberg Bank restated a “buy” rating and set a GBX 1,120 ($13.79) price target on shares of Inchcape in a research note on Friday, October 25th. Citigroup reaffirmed a “buy” rating on shares of Inchcape in a report on Tuesday, January 7th.

Inchcape Trading Down 13.7 %

The company has a current ratio of 1.10, a quick ratio of 0.51 and a debt-to-equity ratio of 198.14. The company has a fifty day simple moving average of GBX 762.98 and a 200-day simple moving average of GBX 788.03. The company has a market capitalization of £2.62 billion, a PE ratio of 968.66, a PEG ratio of 2.06 and a beta of 1.19.

Insider Buying and Selling at Inchcape

In related news, insider Byron Elmer Grote purchased 6,000 shares of Inchcape stock in a transaction on Friday, October 25th. The shares were bought at an average price of GBX 725 ($8.93) per share, with a total value of £43,500 ($53,551.64). 14.84% of the stock is owned by company insiders.

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.