Brokerages Set Inchcape plc (INCH) Target Price at $778.00

Inchcape plc (LON:INCH) has received a consensus recommendation of “Buy” from the ten brokerages that are presently covering the stock. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is GBX 778 ($9.69).

A number of research analysts have recently commented on INCH shares. Liberum Capital reaffirmed a “hold” rating and set a GBX 680 ($8.47) price objective on shares of Inchcape plc in a research report on Thursday, October 27th. Deutsche Bank AG reaffirmed a “buy” rating and set a GBX 835 ($10.40) price objective on shares of Inchcape plc in a research report on Friday, October 28th. HSBC Holdings plc reaffirmed a “buy” rating and set a GBX 865 ($10.77) price objective on shares of Inchcape plc in a research report on Friday, October 28th. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a GBX 900 ($11.21) price objective on shares of Inchcape plc in a research report on Friday, October 28th. Finally, Numis Securities Ltd reaffirmed a “hold” rating and set a GBX 750 ($9.34) price objective on shares of Inchcape plc in a research report on Friday, December 23rd.

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Inchcape plc (LON:INCH) opened at 739.00 on Monday. Inchcape plc has a 52 week low of GBX 574.00 and a 52 week high of GBX 755.50. The firm has a 50-day moving average price of GBX 714.24 and a 200-day moving average price of GBX 678.44. The firm’s market capitalization is GBX 3.18 billion.

Inchcape plc Company Profile

Inchcape plc is a United Kingdom-based automotive distributor and retailer. The Company operates in approximately 26 markets. The Company operates in six geographic segments: Australasia, Europe, North Asia, South Asia, the United Kingdom and Emerging Markets. The Company’s operating businesses are categorized into approximately two market channels, such as distribution and retail.

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