Inchcape (LON:INCH) Reaches New 1-Year High – Time to Buy?

Inchcape plc (LON:INCH) reached a new 52-week high during trading on Friday . The stock traded as high as GBX 895 and last traded at GBX 887.18, with a volume of 125052 shares traded. The stock had previously closed at GBX 890.

Inchcape Trading Down 0.7%

The stock has a 50-day moving average price of GBX 810.56 and a two-hundred day moving average price of GBX 748.77. The stock has a market capitalization of £3.17 billion, a PE ratio of 8.41, a PEG ratio of 2.06 and a beta of 1.19. The company has a debt-to-equity ratio of 206.10, a quick ratio of 0.51 and a current ratio of 1.10.

Insiders Place Their Bets

In other news, insider Byron Elmer Grote purchased 5,000 shares of the company’s stock in a transaction on Monday, December 8th. The stock was acquired at an average cost of GBX 758 per share, for a total transaction of £37,900. 9.43% of the stock is owned by corporate insiders.

Inchcape Company Profile

Inchcape is the leading global automotive distributor, with operations across six continents. By combining our in-market expertise with our unique technology and advanced data analytics, we create innovative customer experiences that deliver outstanding performance for our partners – building stronger automotive brands and creating sustainable growth. Our distribution platform connects the products of mobility company partners with customers, and our responsibilities span product planning and pricing, import and logistics, brand and marketing to operating digital sales, managing physical sales and aftermarket service channels.