Till Vestring Purchases 462 Shares of Inchcape plc (INCH) Stock

Inchcape plc (LON:INCH) insider Till Vestring acquired 462 shares of Inchcape stock in a transaction dated Monday, December 3rd. The shares were bought at an average price of GBX 600 ($7.84) per share, with a total value of £2,772 ($3,622.11).

INCH stock opened at GBX 564.50 ($7.38) on Tuesday. Inchcape plc has a 12 month low of GBX 660.50 ($8.63) and a 12 month high of GBX 885 ($11.56).

Several analysts recently commented on the stock. JPMorgan Chase & Co. reduced their price target on shares of Inchcape from GBX 915 ($11.96) to GBX 823 ($10.75) and set an “overweight” rating for the company in a research report on Friday, November 9th. HSBC downgraded shares of Inchcape to a “hold” rating and reduced their price target for the company from GBX 860 ($11.24) to GBX 650 ($8.49) in a research report on Wednesday, October 17th. Finally, Barclays upgraded shares of Inchcape to an “overweight” rating and set a GBX 700 ($9.15) price target for the company in a research report on Wednesday, October 31st. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of GBX 812 ($10.61).

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Inchcape Company Profile

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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