Inchcape’s (INCH) Buy Rating Reaffirmed at Citigroup

Citigroup reissued their buy rating on shares of Inchcape (LON:INCH) in a research note issued to investors on Tuesday morning, MarketBeat reports.

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 1,120 ($13.97) target price on shares of Inchcape in a report on Friday, October 25th.

Inchcape Trading Down 1.1 %

INCH opened at GBX 754.50 ($9.41) on Tuesday. The stock has a 50-day moving average of GBX 761.45 and a 200 day moving average of GBX 788.73. The company has a current ratio of 1.10, a quick ratio of 0.51 and a debt-to-equity ratio of 198.14. Inchcape has a 12 month low of GBX 597.50 ($7.45) and a 12 month high of GBX 874 ($10.90). The firm has a market cap of £3.04 billion, a P/E ratio of 1,126.12, a P/E/G ratio of 2.06 and a beta of 1.19.

Insider Activity at Inchcape

In other Inchcape news, insider Byron Elmer Grote acquired 6,000 shares of the company’s stock in a transaction that occurred on Friday, October 25th. The stock was bought at an average price of GBX 725 ($9.04) per share, for a total transaction of £43,500 ($54,266.47). 14.84% of the stock is currently owned by 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.