Inchcape (LON:INCH) Shares Down 13.3% – Time to Sell?

Inchcape plc (LON:INCH) was down 13.3% on Thursday . The company traded as low as GBX 624.50 ($7.71) and last traded at GBX 652 ($8.05). Approximately 12,121,266 shares were traded during mid-day trading, an increase of 240% from the average daily volume of 3,566,330 shares. The stock had previously closed at GBX 752 ($9.29).

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on INCH shares. Berenberg Bank restated a “buy” rating and issued a GBX 1,120 ($13.83) price objective on shares of Inchcape in a research report on Friday, October 25th. JPMorgan Chase & Co. lowered shares of Inchcape to a “neutral” rating in a report on Thursday. Finally, Citigroup reiterated a “buy” rating on shares of Inchcape in a report on Tuesday, January 7th.

Inchcape Stock Performance

The company’s fifty day moving average price is GBX 762.98 and its two-hundred day moving average price is GBX 788.03. The company has a debt-to-equity ratio of 198.14, a quick ratio of 0.51 and a current ratio of 1.10. The firm has a market capitalization of £2.63 billion, a PE ratio of 973.13, a price-to-earnings-growth ratio of 2.06 and a beta of 1.19.

Insiders Place Their Bets

In other news, insider Byron Elmer Grote acquired 4,000 shares of Inchcape stock in a transaction dated Tuesday, October 29th. The shares were acquired at an average cost of GBX 730 ($9.02) per share, with a total value of £29,200 ($36,067.19). 14.84% of the stock is currently owned by insiders.

About Inchcape

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.