Inchcape plc (LON:INCH) shares hit a new 52-week low on Friday . The company traded as low as GBX 687.50 ($9.64) and last traded at GBX 688.50 ($9.65), with a volume of 1449384 shares trading hands. The stock had previously closed at GBX 696.50 ($9.77).
A number of research analysts have weighed in on INCH shares. Deutsche Bank raised their price objective on Inchcape from GBX 910 ($12.76) to GBX 920 ($12.90) and gave the company a “buy” rating in a report on Tuesday, January 2nd. Berenberg Bank lowered Inchcape to a “hold” rating and decreased their price objective for the company from GBX 860 ($12.06) to GBX 825 ($11.57) in a report on Tuesday, January 16th. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 920 ($12.90) price objective on shares of Inchcape in a report on Friday, October 27th. Finally, Barclays started coverage on Inchcape in a report on Thursday, February 1st. They issued an “underweight” rating and a GBX 695 ($9.74) price objective on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. Inchcape presently has a consensus rating of “Hold” and an average price target of GBX 867 ($12.16).
The stock has a market cap of $2,860.00 and a price-to-earnings ratio of 1,434.38.
Inchcape Company Profile
Inchcape plc is a United Kingdom-based automotive distributor and retailer. The Company operates in approximately 30 markets. The Company’s segments include Distribution, Retail and Central. The Distribution segment includes regions, such as Australasia, the United Kingdom and Europe, Asia, and Emerging Markets.
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