Inchcape (INCH) Lowered to “Hold” at Berenberg Bank
Berenberg Bank cut shares of Inchcape (LON:INCH) to a hold rating in a research report report published on Tuesday. Berenberg Bank currently has GBX 825 ($11.19) price target on the stock, down from their prior price target of GBX 860 ($11.66).
INCH has been the topic of a number of other reports. Deutsche Bank restated a buy rating and set a GBX 935 ($12.68) price objective on shares of Inchcape in a research note on Tuesday, October 10th. JPMorgan Chase & Co. restated an overweight rating and set a GBX 920 ($12.48) price objective on shares of Inchcape in a research note on Friday, October 27th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Inchcape presently has an average rating of Buy and a consensus price target of GBX 888.50 ($12.05).
Inchcape (LON INCH) traded down GBX 14.50 ($0.20) during mid-day trading on Tuesday, reaching GBX 745 ($10.10). The company’s stock had a trading volume of 1,484,713 shares, compared to its average volume of 906,270. The company has a market capitalization of $3,090.00 and a PE ratio of 1,552.08. Inchcape has a 12 month low of GBX 700.50 ($9.50) and a 12 month high of GBX 885 ($12.00).
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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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