Inchcape (LON:INCH) Share Price Crosses Above 200-Day Moving Average of $817.59

Inchcape plc (LON:INCH – Get Rating)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 817.59 ($9.87) and traded as high as GBX 912.50 ($11.01). Inchcape shares last traded at GBX 908 ($10.96), with a volume of 1,861,327 shares trading hands.

Analyst Upgrades and Downgrades

INCH has been the subject of a number of analyst reports. Citigroup initiated coverage on Inchcape in a research note on Thursday, February 16th. They set a “buy” rating for the company. Berenberg Bank restated a “buy” rating and set a GBX 1,085 ($13.09) target price on shares of Inchcape in a report on Tuesday, February 21st.

Inchcape Stock Performance

The business has a fifty day simple moving average of GBX 898.86 and a 200-day simple moving average of GBX 817.59. 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 firm has a market cap of £3.75 billion, a P/E ratio of 1,375.76, a P/E/G ratio of 2.06 and a beta of 1.29.

About Inchcape

(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.