Inchcape plc (INCH) Receives Average Recommendation of “Buy” from Brokerages
Shares of Inchcape plc (LON:INCH) have been assigned an average rating of “Buy” from the eight analysts that are presently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is GBX 798.71 ($10.44).
A number of research firms have issued reports on INCH. JPMorgan Chase & Co. decreased their target price on Inchcape from GBX 915 ($11.96) to GBX 823 ($10.75) and set an “overweight” rating on the stock in a research report on Friday. Barclays upgraded Inchcape to an “overweight” rating and set a GBX 700 ($9.15) target price on the stock in a research report on Wednesday, October 31st. Finally, HSBC cut Inchcape to a “hold” rating and decreased their target price for the company from GBX 860 ($11.24) to GBX 650 ($8.49) in a research report on Wednesday, October 17th.
Inchcape stock opened at GBX 585 ($7.64) on Friday. Inchcape has a 12-month low of GBX 660.50 ($8.63) and a 12-month high of GBX 885 ($11.56).
Inchcape Company Profile
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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