Inchcape plc (LON:INCH) Insider Purchases £43,500 in Stock

Inchcape plc (LON:INCH) insider Byron Elmer Grote purchased 6,000 shares of the business’s stock in a transaction on Friday, October 25th. The shares were bought at an average price of GBX 725 ($9.41) per share, with a total value of £43,500 ($56,478.84).

Inchcape Stock Performance

LON INCH opened at GBX 731 ($9.49) on Friday. The company has a debt-to-equity ratio of 198.14, a current ratio of 1.10 and a quick ratio of 0.51. The company has a fifty day moving average price of GBX 804.08 and a 200-day moving average price of GBX 793.92. Inchcape plc has a 1 year low of GBX 597.50 ($7.76) and a 1 year high of GBX 874 ($11.35). The firm has a market cap of £2.95 billion, a price-to-earnings ratio of 1,091.04, a PEG ratio of 2.06 and a beta of 1.19.

Inchcape Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, September 6th. Shareholders of record on Thursday, August 8th were given a GBX 11.30 ($0.15) dividend. This represents a yield of 1.34%. The ex-dividend date of this dividend was Thursday, August 8th. Inchcape’s payout ratio is 5,373.13%.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank raised their target price on Inchcape from GBX 1,040 ($13.50) to GBX 1,120 ($14.54) and gave the company a “buy” rating in a report on Thursday, August 8th.

Inchcape Company Profile

Inchcape plc operates as an automotive distributor and retailer. It engages in the distribution, sales, and marketing of new and used cars, and parts. The company also provides aftersales service and body shop repairs; and finance and insurance products and services, as well as product planning, logistics, brand and marketing, channel management, and retail services.