Inchcape (LON:INCH) Share Price Crosses Above 200-Day Moving Average of $751.15

Inchcape plc (LON:INCHGet Rating)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 751.15 ($8.88) and traded as high as GBX 896 ($10.59). Inchcape shares last traded at GBX 875.50 ($10.35), with a volume of 254,458 shares.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,035 ($12.24) target price on shares of Inchcape in a report on Friday, October 28th.

Inchcape Trading Up 0.1 %

The firm has a market cap of £3.28 billion and a P/E ratio of 1,326.52. The company has a debt-to-equity ratio of 151.58, a quick ratio of 0.51 and a current ratio of 1.11. The firm has a fifty day moving average of GBX 755.54 and a 200-day moving average of GBX 751.15.

Insider Activity

In other news, insider John Langston purchased 272 shares of the stock in a transaction dated Tuesday, November 1st. The shares were bought at an average cost of GBX 752 ($8.89) per share, for a total transaction of £2,045.44 ($2,418.64).

Inchcape Company Profile

(Get Rating)

Inchcape plc operates as an automotive distributor and retailer. The company engages in the distribution, sales, and marketing of new and used cars, and parts. It also provides aftersales service and body shop repairs; and finance and insurance products and services. The company operates in the Asia Pacific, the United Kingdom, rest of Europe, the Americas, and Africa.

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