Inchcape (LON:INCH) Stock Price Down 13.3% – What’s Next?

Inchcape plc (LON:INCH)’s stock price fell 13.3% during mid-day trading on Thursday . The company traded as low as GBX 624.50 ($7.80) and last traded at GBX 652 ($8.14). 12,121,266 shares traded hands during trading, an increase of 240% from the average session volume of 3,566,330 shares. The stock had previously closed at GBX 752 ($9.39).

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Citigroup reissued a “buy” rating on shares of Inchcape in a report on Tuesday, January 7th. JPMorgan Chase & Co. downgraded Inchcape to a “neutral” rating in a research note on Thursday. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,120 ($13.98) target price on shares of Inchcape in a report on Friday, October 25th.

Inchcape Stock Down 0.1 %

The company has a market capitalization of £2.63 billion, a price-to-earnings ratio of 972.09, a PEG ratio of 2.06 and a beta of 1.19. The business has a 50-day simple moving average of GBX 759.18 and a two-hundred day simple moving average of GBX 786.40. The company has a debt-to-equity ratio of 198.14, a quick ratio of 0.51 and a current ratio of 1.10.

Insiders Place Their Bets

In other news, insider Byron Elmer Grote bought 4,000 shares of Inchcape stock in a transaction on Tuesday, October 29th. The shares were bought at an average cost of GBX 730 ($9.11) per share, for a total transaction of £29,200 ($36,458.98). 14.84% of the stock is owned by company 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.