Inchcape plc (INCH) Raises Dividend to GBX 16.80 Per Share
Inchcape plc (LON:INCH) announced a dividend on Wednesday, March 1st, Upcoming.Co.Uk reports. Investors of record on Thursday, May 18th will be given a dividend of GBX 16.80 ($0.21) per share on Friday, June 23rd. This represents a yield of 2.17%. The ex-dividend date of this dividend is Thursday, May 18th. This is a boost from Inchcape plc’s previous dividend of $7.00. The official announcement can be seen at this link.
Inchcape plc (LON INCH) traded up 1.29% during mid-day trading on Friday, reaching GBX 783.00. 1,967,790 shares of the company traded hands. The firm’s market capitalization is GBX 3.29 billion. The stock’s 50 day moving average price is GBX 828.68 and its 200 day moving average price is GBX 764.37. Inchcape plc has a 52 week low of GBX 574.00 and a 52 week high of GBX 861.00.
In other news, insider Till Vestring sold 25,000 shares of the stock in a transaction dated Friday, May 26th. The shares were sold at an average price of GBX 845 ($10.69), for a total value of £211,250 ($267,235.93). Also, insider Stefan Bomhard sold 33,472 shares of the stock in a transaction dated Monday, March 27th. The shares were sold at an average price of GBX 839 ($10.61), for a total transaction of £280,830.08 ($355,256.27).
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Several analysts recently commented on the stock. HSBC Holdings plc reiterated a “buy” rating and issued a GBX 1,030 ($13.03) price target on shares of Inchcape plc in a research report on Wednesday, June 7th. J P Morgan Chase & Co restated an “overweight” rating and set a GBX 900 ($11.39) price objective on shares of Inchcape plc in a research report on Thursday, March 2nd. Canaccord Genuity upped their price objective on shares of Inchcape plc from GBX 695 ($8.79) to GBX 738 ($9.34) and gave the stock a “hold” rating in a research report on Tuesday, March 14th. Liberum Capital upped their price objective on shares of Inchcape plc from GBX 680 ($8.60) to GBX 755 ($9.55) and gave the stock a “hold” rating in a research report on Wednesday, March 1st. Finally, Deutsche Bank AG upped their price objective on shares of Inchcape plc from GBX 860 ($10.88) to GBX 920 ($11.64) and gave the stock a “buy” rating in a research report on Monday, May 15th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. Inchcape plc presently has an average rating of “Buy” and an average target price of GBX 874.78 ($11.07).
Inchcape plc 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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