Byron Elmer Grote Buys 4,000 Shares of Inchcape plc (LON:INCH) Stock

Inchcape plc (LON:INCH) insider Byron Elmer Grote bought 4,000 shares of the stock in a transaction on Tuesday, October 29th. The stock was purchased at an average price of GBX 730 ($9.47) per share, with a total value of £29,200 ($37,867.98).

Byron Elmer Grote also recently made the following trade(s):

• On Friday, October 25th, Byron Elmer Grote purchased 6,000 shares of Inchcape stock. The stock was acquired at an average cost of GBX 725 ($9.40) per share, with a total value of £43,500 ($56,412.92).

Inchcape Price Performance

INCH opened at GBX 716 ($9.29) on Friday. The firm has a market capitalization of £2.89 billion, a PE ratio of 1,068.66, a price-to-earnings-growth ratio of 2.06 and a beta of 1.19. The company has a debt-to-equity ratio of 198.14, a current ratio of 1.10 and a quick ratio of 0.51. The business’s 50-day moving average is GBX 798.37 and its two-hundred day moving average is GBX 793.70. Inchcape plc has a 1 year low of GBX 597.50 ($7.75) and a 1 year high of GBX 874 ($11.33).

Wall Street Analyst Weigh In

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 1,120 ($14.52) price objective on shares of Inchcape in a research note on Friday, October 25th.

About Inchcape

Inchcape plc operates as an automotive distributor and retailer. It engages in the distribution, sales, and marketing of new and used cars, and parts. The company also provides aftersales service and body shop repairs; and finance and insurance products and services, as well as product planning, logistics, brand and marketing, channel management, and retail services.