Inchcape plc (LON:INCH) Insider Buys £29,200 in Stock

Inchcape plc (LON:INCH) insider Byron Elmer Grote acquired 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The stock was bought at an average cost of GBX 730 ($9.47) per share, with a total value of £29,200 ($37,867.98).

Byron Elmer Grote also recently made the following trade(s):

• On Friday, October 25th, Byron Elmer Grote bought 6,000 shares of Inchcape stock. The shares were bought at an average cost of GBX 725 ($9.40) per share, for a total transaction of £43,500 ($56,412.92).

Inchcape Stock Down 1.1 %

Shares of INCH stock opened at GBX 716 ($9.29) on Friday. Inchcape plc has a fifty-two week low of GBX 597.50 ($7.75) and a fifty-two week high of GBX 874 ($11.33). The firm has a market capitalization of £2.89 billion, a PE ratio of 1,068.66, a P/E/G ratio of 2.06 and a beta of 1.19. 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 stock’s 50-day simple moving average is GBX 798.37 and its 200-day simple moving average is GBX 793.70.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 1,120 ($14.52) price objective on shares of Inchcape in a research note on Friday, October 25th.

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.