Inchcape (LON:INCH) Reaches New 52-Week High at $938.50

Inchcape plc (LON:INCH – Get Rating)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as GBX 938.50 ($11.45) and last traded at GBX 925.50 ($11.29), with a volume of 6562 shares traded. The stock had previously closed at GBX 925 ($11.29).

Analyst Ratings Changes

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

Inchcape Trading Up 0.1 %

The firm has a market capitalization of £3.47 billion and a PE ratio of 1,423.08. The company’s 50-day moving average price is GBX 849.40 and its 200-day moving average price is GBX 792.06. The company has a debt-to-equity ratio of 151.58, a quick ratio of 0.51 and a current ratio of 1.11.

Insider Transactions at Inchcape

In other news, insider John Langston acquired 272 shares of the firm’s stock in a transaction dated Tuesday, November 1st. The stock was acquired at an average cost of GBX 752 ($9.18) per share, with a total value 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.