Inchcape (LON:INCH) had its price objective decreased by JPMorgan Chase & Co. from GBX 915 ($11.96) to GBX 823 ($10.75) in a research note published on Friday morning. JPMorgan Chase & Co. currently has an overweight rating on the stock.
Several other equities analysts have also recently weighed in on the company. Barclays upgraded Inchcape to an overweight rating and set a GBX 700 ($9.15) price objective on the stock in a research note on Wednesday, October 31st. HSBC cut Inchcape to a hold rating and dropped their price objective for the company from GBX 860 ($11.24) to GBX 650 ($8.49) in a research note on Wednesday, October 17th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of Buy and an average price target of GBX 812 ($10.61).
LON:INCH traded up GBX 16.50 ($0.22) during trading hours on Friday, hitting GBX 585 ($7.64). 2,114,965 shares of the company traded hands, compared to its average volume of 1,390,000. Inchcape has a one year low of GBX 660.50 ($8.63) and a one year high of GBX 885 ($11.56).
Inchcape plc operates as an automotive distributor and retailer in the premium and luxury automotive sectors. The company sells and retails new and used cars of various brands. It also provides after sales servicing and parts; and vehicle finance and insurance products and services. The company operates in Asia, Australasia, the United Kingdom, Europe, Africa, South America, and Russia.
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