Inchcape (LON:INCH) Trading Down 8.1% – Should You Sell?

Inchcape plc (LON:INCH)’s share price fell 8.1% on Thursday . The company traded as low as GBX 624.50 ($7.80) and last traded at GBX 690.89 ($8.63). 8,351,929 shares were traded during mid-day trading, an increase of 151% from the average session volume of 3,330,747 shares. The stock had previously closed at GBX 752 ($9.39).

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on INCH. JPMorgan Chase & Co. lowered shares of Inchcape to a “neutral” rating in a report on Thursday. Citigroup restated a “buy” rating on shares of Inchcape in a report on Tuesday, January 7th. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 1,120 ($13.98) price target on shares of Inchcape in a report on Friday, October 25th.

Inchcape Price Performance

The business’s 50 day moving average is GBX 759.18 and its two-hundred day moving average is 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. The firm has a market capitalization of £2.63 billion, a PE ratio of 972.09, a price-to-earnings-growth ratio of 2.06 and a beta of 1.19.

Insider Buying and Selling

In other news, insider Byron Elmer Grote acquired 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The shares were bought at an average cost of GBX 730 ($9.11) per share, with a total value of £29,200 ($36,458.98). 14.84% of the stock is currently 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.