Inchcape (LON:INCH) Stock Price Down 13.3% – Should You Sell?

Inchcape plc (LON:INCH) shares were down 13.3% during mid-day trading on Thursday . The stock traded as low as GBX 624.50 ($7.71) and last traded at GBX 652 ($8.05). Approximately 12,121,266 shares were traded during trading, an increase of 240% from the average daily volume of 3,566,330 shares. The stock had previously closed at GBX 752 ($9.29).

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Berenberg Bank restated a “buy” rating and issued a GBX 1,120 ($13.83) price target on shares of Inchcape in a research note on Friday, October 25th. JPMorgan Chase & Co. cut shares of Inchcape to a “neutral” rating in a research note on Thursday. Finally, Citigroup reiterated a “buy” rating on shares of Inchcape in a research note on Tuesday, January 7th.

Inchcape Stock Down 13.3 %

The company has a debt-to-equity ratio of 198.14, a quick ratio of 0.51 and a current ratio of 1.10. The firm has a market capitalization of £2.63 billion, a PE ratio of 973.13, a PEG ratio of 2.06 and a beta of 1.19. The company has a fifty day moving average price of GBX 761.12 and a 200-day moving average price of GBX 787.37.

Insider Activity at Inchcape

In related news, insider Byron Elmer Grote acquired 4,000 shares of the firm’s stock in a transaction on Tuesday, October 29th. The shares were acquired at an average cost of GBX 730 ($9.02) per share, for a total transaction of £29,200 ($36,067.19). 14.84% of the stock is owned by insiders.

About Inchcape

Inchcape is the leading global automotive distributor, with operations across six continents. By combining our in-market expertise with our unique technology and advanced data analytics, we create innovative customer experiences that deliver outstanding performance for our partners – building stronger automotive brands and creating sustainable growth.