Inchcape plc (LON:INCH) Given “Buy” Rating at HSBC Holdings plc
Inchcape plc (LON:INCH)‘s stock had its “buy” rating reiterated by equities researchers at HSBC Holdings plc in a research note issued on Friday. They presently have a GBX 1,030 ($13.45) price objective on the stock. HSBC Holdings plc’s price objective indicates a potential upside of 32.65% from the stock’s previous close.
Other equities analysts have also recently issued research reports about the company. Deutsche Bank AG boosted their price objective on Inchcape plc from GBX 920 ($12.01) to GBX 925 ($12.08) and gave the company a “buy” rating in a report on Monday, July 10th. BNP Paribas raised Inchcape plc to an “outperform” rating and lifted their target price for the company from GBX 735 ($9.60) to GBX 1,050 ($13.71) in a research report on Monday, March 27th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of GBX 875.33 ($11.43).
Inchcape plc (INCH) opened at 778.00 on Friday. The company’s market cap is GBX 3.27 billion. Inchcape plc has a 12-month low of GBX 587.00 and a 12-month high of GBX 861.00. The firm has a 50-day moving average price of GBX 777.60 and a 200-day moving average price of GBX 786.57.
In other Inchcape plc news, insider Stefan Bomhard sold 34,579 shares of Inchcape plc stock in a transaction on Wednesday, June 21st. The stock was sold at an average price of GBX 777 ($10.15), for a total transaction of £268,678.83 ($350,847.26). Also, insider Till Vestring sold 25,000 shares of Inchcape plc stock in a transaction on Friday, May 26th. The shares were sold at an average price of GBX 845 ($11.03), for a total value of £211,250 ($275,855.31).
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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