Inchcape (LON:INCH) had its price target lowered by analysts at Barclays from GBX 695 ($9.60) to GBX 690 ($9.53) in a note issued to investors on Wednesday, February 28th. The firm presently has an “underweight” rating on the stock. Barclays’ price target would suggest a potential upside of 1.17% from the stock’s current price.
Several other research firms have also weighed in on INCH. Deutsche Bank lifted their target price on shares of Inchcape from GBX 910 ($12.57) to GBX 920 ($12.71) and gave the company a “buy” rating in a report on Tuesday, January 2nd. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 920 ($12.71) price target on shares of Inchcape in a research note on Wednesday, February 28th. Finally, Berenberg Bank cut shares of Inchcape to a “hold” rating and lowered their target price for the stock from GBX 860 ($11.88) to GBX 825 ($11.40) in a research note on Tuesday, January 16th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. Inchcape has a consensus rating of “Hold” and a consensus target price of GBX 881.86 ($12.18).
Inchcape (LON INCH) traded down GBX 6 ($0.08) on Wednesday, reaching GBX 682 ($9.42). 816,767 shares of the company’s stock were exchanged, compared to its average volume of 1,390,000. Inchcape has a 12 month low of GBX 660.50 ($9.13) and a 12 month high of GBX 885 ($12.23). The stock has a market cap of $2,830.00 and a price-to-earnings ratio of 1,065.63.
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Inchcape 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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