Inchcape plc’s (LON:INCH) “Buy” Rating Reiterated at HSBC Holdings plc

Inchcape plc (LON:INCH)‘s stock had its “buy” rating restated by HSBC Holdings plc in a research report issued on Friday, July 21st. They currently have a GBX 1,030 ($13.37) target price on the stock. HSBC Holdings plc’s price target would indicate a potential upside of 22.77% from the stock’s current price.

INCH has been the subject of several other research reports. BNP Paribas raised Inchcape plc to an “outperform” rating and raised their price target for the stock from GBX 735 ($9.54) to GBX 1,050 ($13.63) in a research report on Monday, March 27th. Deutsche Bank AG raised their price target on Inchcape plc from GBX 920 ($11.94) to GBX 925 ($12.01) and gave the stock a “buy” rating in a research report on Monday, July 10th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of GBX 875.33 ($11.36).

Inchcape plc (LON:INCH) traded down 0.47% during trading on Friday, reaching GBX 839.00. The company’s stock had a trading volume of 777,525 shares. Inchcape plc has a 52 week low of GBX 587.00 and a 52 week high of GBX 861.00. The company has a 50 day moving average price of GBX 798.22 and a 200-day moving average price of GBX 802.03. The company’s market capitalization is GBX 3.51 billion.

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In other Inchcape plc news, insider Nigel Stein acquired 192 shares of the stock in a transaction dated Thursday, June 1st. The stock was acquired at an average price of GBX 819 ($10.63) per share, with a total value of £1,572.48 ($2,041.39). Also, insider Coline McConville acquired 242 shares of the stock in a transaction dated Tuesday, August 1st. The stock was acquired at an average cost of GBX 813 ($10.55) per share, with a total value of £1,967.46 ($2,554.15).

About Inchcape plc

Inchcape plc is a United Kingdom-based automotive distributor and retailer. The Company operates in approximately 30 markets. The Company’s segments include Distribution, Retail and Central. The Distribution segment includes regions, such as Australasia, the United Kingdom and Europe, Asia, and Emerging Markets.

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