Inchcape (LON:INCH) had its target price reduced by Barclays from GBX 855 ($11.25) to GBX 845 ($11.12) in a research report report published on Friday, Stock Target Advisor reports. Barclays currently has an overweight rating on the stock.

Several other analysts also recently weighed in on INCH. JPMorgan Chase & Co. dropped their target price on shares of Inchcape from GBX 630 ($8.29) to GBX 590 ($7.76) and set a neutral rating for the company in a report on Friday, November 8th. HSBC downgraded shares of Inchcape to a hold rating and lifted their target price for the company from GBX 690 ($9.08) to GBX 705 ($9.27) in a report on Monday, December 16th. Finally, Jefferies Financial Group reiterated a buy rating and issued a GBX 845 ($11.12) target price on shares of Inchcape in a report on Friday, November 1st. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Inchcape currently has a consensus rating of Hold and an average target price of GBX 700.83 ($9.22).

Inchcape stock traded up GBX 14.50 ($0.19) during trading on Friday, hitting GBX 577 ($7.59). The company had a trading volume of 2,177,129 shares, compared to its average volume of 1,390,000. Inchcape has a 1-year low of GBX 536 ($7.05) and a 1-year high of GBX 725 ($9.54). The company has a current ratio of 1.13, a quick ratio of 0.41 and a debt-to-equity ratio of 182.40. The company’s 50 day simple moving average is GBX 658.48 and its 200-day simple moving average is GBX 645.04. The stock has a market cap of $2.30 billion and a price-to-earnings ratio of 44.73.

The firm also recently declared a dividend, which will be paid on Friday, June 19th. Shareholders of record on Thursday, May 14th will be paid a GBX 17.90 ($0.24) dividend. This is an increase from Inchcape’s previous dividend of $8.90. The ex-dividend date is Thursday, May 14th. This represents a dividend yield of 3.18%. Inchcape’s payout ratio is 2.09%.

In other Inchcape news, insider Till Vestring purchased 445 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was acquired at an average price of GBX 656 ($8.63) per share, for a total transaction of £2,919.20 ($3,840.04).

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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