Inchcape (LON:INCH) had its price target decreased by stock analysts at Deutsche Bank from GBX 925 ($12.45) to GBX 910 ($12.25) in a research report issued to clients and investors on Friday. The firm currently has a “buy” rating on the stock. Deutsche Bank’s target price suggests a potential upside of 18.95% from the stock’s previous close.
Separately, J P Morgan Chase & Co reaffirmed an “overweight” rating and set a GBX 920 ($12.38) price target on shares of Inchcape in a research report on Friday, October 27th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of GBX 875.89 ($11.79).
Inchcape (INCH) opened at GBX 765 ($10.30) on Friday. Inchcape has a 12-month low of GBX 620.50 ($8.35) and a 12-month high of GBX 885 ($11.91).
In related news, insider Till Vestring purchased 353 shares of Inchcape stock in a transaction dated Wednesday, November 1st. The shares were acquired at an average price of GBX 785 ($10.57) per share, with a total value of £2,771.05 ($3,729.54).
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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.
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