Inchcape (INCH) Given Overweight Rating at JPMorgan Chase & Co.

Inchcape (LON:INCH)‘s stock had its “overweight” rating reissued by stock analysts at JPMorgan Chase & Co. in a report released on Friday, ThisIsMoney.Co.Uk reports.

Several other research firms have also issued reports on INCH. Jefferies Financial Group assumed coverage on shares of Inchcape in a research report on Tuesday, April 30th. They set a “buy” rating and a GBX 845 ($11.04) price target on the stock. Berenberg Bank reiterated a “hold” rating and set a GBX 600 ($7.84) price target on shares of Inchcape in a research report on Monday, March 4th. Finally, Numis Securities upgraded shares of Inchcape to an “add” rating and reduced their price target for the stock from GBX 750 ($9.80) to GBX 660 ($8.62) in a research report on Thursday, May 16th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Inchcape presently has a consensus rating of “Buy” and a consensus price target of GBX 763.50 ($9.98).

LON INCH opened at GBX 577.50 ($7.55) on Friday. The company has a current ratio of 1.07, a quick ratio of 0.36 and a debt-to-equity ratio of 158.95. The company has a market cap of $2.39 billion and a P/E ratio of 50.22. Inchcape has a 1 year low of GBX 482.20 ($6.30) and a 1 year high of GBX 826 ($10.79).

In related news, insider Stefan Bomhard sold 35,758 shares of the stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of GBX 590 ($7.71), for a total value of £210,972.20 ($275,672.55). Also, insider Coline McConville acquired 337 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was bought at an average cost of GBX 599 ($7.83) per share, with a total value of £2,018.63 ($2,637.70).

About Inchcape

Inchcape plc operates as an automotive distributor and retailer in the premium and luxury automotive sectors. The company sells and retails new and used cars of various brands. It also provides after sales servicing and parts; and vehicle finance and insurance products and services. The company operates in Asia, Australasia, the United Kingdom, Europe, Africa, South America, and Russia.

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Analyst Recommendations for Inchcape (LON:INCH)

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