Inchcape plc (INCH) Given Buy Rating at Deutsche Bank AG
Inchcape plc (LON:INCH)‘s stock had its “buy” rating restated by analysts at Deutsche Bank AG in a research note issued on Tuesday. They presently have a GBX 835 ($10.33) price objective on the stock. Deutsche Bank AG’s price target would suggest a potential upside of 23.61% from the company’s current price.
A number of other analysts have also weighed in on INCH. HSBC reaffirmed a “buy” rating and issued a GBX 920 ($11.39) price objective on shares of Inchcape plc in a research note on Wednesday, June 22nd. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 900 ($11.14) price objective on shares of Inchcape plc in a research note on Thursday, June 23rd. BNP Paribas reaffirmed an “outperform” rating and issued a GBX 710 ($8.79) price objective on shares of Inchcape plc in a research note on Monday, June 27th. Berenberg Bank raised shares of Inchcape plc to a “buy” rating and upped their price objective for the stock from GBX 735 ($9.10) to GBX 760 ($9.41) in a research note on Friday, July 8th. Finally, Liberum Capital reaffirmed a “hold” rating and issued a GBX 680 ($8.42) price objective on shares of Inchcape plc in a research note on Thursday, July 28th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of GBX 790.56 ($9.78).
Inchcape plc (LON:INCH) opened at 678.50 on Tuesday. Inchcape plc has a 12-month low of GBX 574.00 and a 12-month high of GBX 823.00. The company has a 50 day moving average of GBX 684.78 and a 200-day moving average of GBX 684.87. The stock’s market cap is GBX 2.92 billion.
In other news, insider Stein,Nigel bought 233 shares of Inchcape plc stock in a transaction on Monday, August 1st. The stock was acquired at an average cost of GBX 674 ($8.34) per share, for a total transaction of £1,570.42 ($1,943.59).
Inchcape plc Company Profile
Inchcape plc is a United Kingdom-based automotive distributor and retailer. The Company operates in approximately 26 markets. The Company operates in six geographic segments: Australasia, Europe, North Asia, South Asia, the United Kingdom and Emerging Markets. The Company’s operating businesses are categorized into approximately two market channels, such as distribution and retail.
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