Inchcape (LON:INCH) Shares Cross Above 200-Day Moving Average of $688.04

Shares of Inchcape plc (LON:INCH) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 688.04 ($8.70) and traded as high as GBX 729.50 ($9.22). Inchcape shares last traded at GBX 724 ($9.15), with a volume of 604,804 shares changing hands.

Analyst Ratings Changes

Separately, Berenberg Bank dropped their target price on shares of Inchcape from GBX 1,085 ($13.71) to GBX 1,040 ($13.14) and set a “buy” rating on the stock in a report on Wednesday, March 13th.

Inchcape Trading Down 0.1 %

The company has a market cap of £2.99 billion, a P/E ratio of 1,113.85, a PEG ratio of 2.06 and a beta of 1.22. The stock’s 50 day moving average is GBX 667.50 and its 200-day moving average is GBX 688.04. The company has a current ratio of 1.06, a quick ratio of 0.51 and a debt-to-equity ratio of 106.79.

Inchcape Increases Dividend

The company also recently declared a dividend, which will be paid on Monday, June 17th. Investors of record on Thursday, May 2nd will be paid a GBX 24.30 ($0.31) dividend. This is a boost from Inchcape’s previous dividend of $9.60. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a yield of 3.57%. Inchcape’s payout ratio is presently 5,230.77%.

Insider Buying and Selling

In related news, insider Duncan Tait bought 9,590 shares of the stock in a transaction on Tuesday, March 5th. The shares were acquired at an average price of GBX 622 ($7.86) per share, for a total transaction of £59,649.80 ($75,382.03). In other news, insider Byron Elmer Grote bought 7,000 shares of Inchcape stock in a transaction that occurred on Tuesday, March 12th. The stock was bought at an average cost of GBX 637 ($8.05) per share, with a total value of £44,590 ($56,350.31). Also, insider Duncan Tait purchased 9,590 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was acquired at an average price of GBX 622 ($7.86) per share, with a total value of £59,649.80 ($75,382.03). 11.43% of the stock is currently owned by company insiders.

Inchcape Company Profile

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