Trading Report: The Inchcape plc (INCH) Given Buy Rating at Deutsche Bank AG

The Inchcape plc (INCH) Given Buy Rating at Deutsche Bank AG

Deutsche Bank AG reissued their buy rating on shares of Inchcape plc (LON:INCH) in a research report report published on Tuesday morning. Deutsche Bank AG currently has a GBX 835 ($10.33) price target on the stock.

A number of other research analysts have also commented on INCH. HSBC reaffirmed a buy rating and set a GBX 920 ($11.39) price objective on shares of Inchcape plc in a research report on Wednesday, June 22nd. JPMorgan Chase & Co. reaffirmed an overweight rating and set a GBX 900 ($11.14) price objective on shares of Inchcape plc in a research report on Thursday, June 23rd. BNP Paribas reaffirmed an outperform rating and set a GBX 710 ($8.79) price objective on shares of Inchcape plc in a research report on Monday, June 27th. Berenberg Bank raised shares of Inchcape plc to a buy rating and upped their price objective for the company from GBX 735 ($9.10) to GBX 760 ($9.41) in a research report on Friday, July 8th. Finally, Liberum Capital reaffirmed a hold rating and set a GBX 680 ($8.42) price objective on shares of Inchcape plc in a research report on Thursday, July 28th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of GBX 790.56 ($9.78).

Shares of Inchcape plc (LON:INCH) traded down 0.22% during mid-day trading on Tuesday, hitting GBX 683.50. The stock had a trading volume of 307,184 shares. The stock has a 50-day moving average price of GBX 684.78 and a 200 day moving average price of GBX 684.67. Inchcape plc has a 52 week low of GBX 574.00 and a 52 week high of GBX 823.00. The stock’s market cap is GBX 2.94 billion.

In other Inchcape plc news, insider Stein,Nigel purchased 233 shares of Inchcape plc stock in a transaction on Monday, August 1st. The shares were acquired at an average cost of GBX 674 ($8.34) per share, for a total transaction of £1,570.42 ($1,943.59).

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