Inchcape (LON:INCH) Stock Passes Above 200-Day Moving Average of $790.57

Inchcape plc (LON:INCH – Get Rating) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 790.57 ($9.65) and traded as high as GBX 929.50 ($11.34). Inchcape shares last traded at GBX 925 ($11.29), with a volume of 348,553 shares traded.

Analysts Set New Price Targets

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 1,035 ($12.63) target price on shares of Inchcape in a research report on Friday, October 28th.

Inchcape Price Performance

The company has a market capitalization of £3.46 billion and a price-to-earnings ratio of 1,423.08. The company has a quick ratio of 0.51, a current ratio of 1.11 and a debt-to-equity ratio of 151.58. The company has a 50 day simple moving average of GBX 849.40 and a 200 day simple moving average of GBX 790.57.

Insiders Place Their Bets

In other news, insider John Langston purchased 272 shares of the company’s stock in a transaction on Tuesday, November 1st. The stock was bought at an average cost of GBX 752 ($9.18) per share, for a total transaction of £2,045.44 ($2,495.96).

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.