Deutsche Bank AG Reiterates Buy Rating for Inchcape plc (INCH)

Inchcape plc (LON:INCH)‘s stock had its “buy” rating reaffirmed by Deutsche Bank AG in a research report issued on Tuesday. They presently have a GBX 935 ($12.29) price objective on the stock. Deutsche Bank AG’s target price suggests a potential upside of 8.66% from the stock’s previous close.

Separately, HSBC Holdings plc reiterated a “buy” rating and issued a GBX 1,030 ($13.54) target price on shares of Inchcape plc in a research report on Friday, June 30th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of GBX 876.44 ($11.52).

Shares of Inchcape plc (LON:INCH) opened at 860.50 on Tuesday. The firm’s market cap is GBX 3.60 billion. Inchcape plc has a 52 week low of GBX 587.00 and a 52 week high of GBX 885.00. The company has a 50 day moving average of GBX 842.65 and a 200 day moving average of GBX 823.83.

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In other Inchcape plc news, insider Coline McConville acquired 242 shares of Inchcape plc stock in a transaction dated Tuesday, August 1st. The stock was bought at an average price of GBX 813 ($10.69) per share, for a total transaction of £1,967.46 ($2,586.72).

About Inchcape plc

Inchcape plc is a United Kingdom-based automotive distributor and retailer. The Company operates in approximately 30 markets. The Company’s segments include Distribution, Retail and Central. The Distribution segment includes regions, such as Australasia, the United Kingdom and Europe, Asia, and Emerging Markets.

Analyst Recommendations for Inchcape plc (LON:INCH)

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