Citigroup Reiterates Buy Rating for Inchcape (LON:INCH)

Citigroup reiterated their buy rating on shares of Inchcape (LON:INCH) in a report issued on Tuesday morning, Marketbeat.com reports.

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 1,120 ($13.78) price target on shares of Inchcape in a research report on Friday, October 25th.

Inchcape Price Performance

Shares of LON:INCH opened at GBX 755.79 ($9.30) on Tuesday. The firm’s 50 day moving average price is GBX 762.27 and its 200-day moving average price is GBX 788.26. The company has a quick ratio of 0.51, a current ratio of 1.10 and a debt-to-equity ratio of 198.14. The stock has a market capitalization of £3.05 billion, a PE ratio of 1,128.04, a price-to-earnings-growth ratio of 2.06 and a beta of 1.19. Inchcape has a twelve month low of GBX 597.50 ($7.35) and a twelve month high of GBX 874 ($10.75).

Insider Activity

In other news, insider Byron Elmer Grote acquired 4,000 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The shares were purchased at an average cost of GBX 730 ($8.98) per share, for a total transaction of £29,200 ($35,929.62). Insiders own 14.84% of the company’s stock.

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.