Inchcape plc (LON:INCH) had its target price hoisted by equities researchers at JPMorgan Chase & Co. from GBX 890 ($12.88) to GBX 900 ($13.02) in a research report issued to clients and investors on Friday. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price objective would indicate a potential upside of 29.54% from the stock’s current price.

Other research analysts have also recently issued research reports about the company. Nomura restated a “buy” rating and issued a GBX 820 ($11.87) price target on shares of Inchcape plc in a research note on Wednesday, March 9th. HSBC decreased their price target on Inchcape plc from GBX 950 ($13.75) to GBX 920 ($13.31) and set a “buy” rating for the company in a research note on Monday, March 7th. Deutsche Bank restated a “hold” rating and issued a GBX 825 ($11.94) price target on shares of Inchcape plc in a research note on Friday, March 11th. Liberum Capital restated a “hold” rating and issued a GBX 680 ($9.84) price target on shares of Inchcape plc in a research note on Monday, February 15th. Finally, Numis Securities Ltd restated a “hold” rating and issued a GBX 850 ($12.30) price target on shares of Inchcape plc in a research note on Monday, March 14th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Inchcape plc presently has a consensus rating of “Hold” and an average price target of GBX 813.33 ($11.77).

In related news, insider Stein,Nigel purchased 8,381 shares of the business’s stock in a transaction on Thursday, March 24th. The stock was acquired at an average price of GBX 713 ($10.32) per share, with a total value of £59,756.53 ($86,465.82). Also, insider Northridge,Nigel purchased 306 shares of the business’s stock in a transaction on Friday, April 1st. The shares were bought at an average cost of GBX 694 ($10.04) per share, with a total value of £2,123.64 ($3,072.84).

Inchcape plc (LON:INCH) opened at 697.0000 on Friday. Inchcape plc has a 1-year low of GBX 657.50 and a 1-year high of GBX 874.00. The company has a 50 day moving average of GBX 693.44 and a 200 day moving average of GBX 726.44. The company’s market capitalization is GBX 3.04 billion.

The business also recently declared a dividend, which will be paid on Friday, June 24th. Shareholders of record on Thursday, May 26th will be issued a dividend of GBX 14.10 ($0.20) per share. This represents a yield of 1.94%. This is an increase from Inchcape plc’s previous dividend of $6.80. The ex-dividend date is Thursday, May 26th.

Inchcape plc is a United Kingdom-based global automotive distributor and retailer. The Company operates in 26 markets. The Company is organized into six geographic operating segments: Australasia, Europe, North Asia, South Asia, United Kingdom and Emerging Markets. The operating businesses are further categorized into two market channels: distribution and retail.

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