Inchcape (LON:INCH) Downgraded to Neutral Rating by JPMorgan Chase & Co.

Inchcape (LON:INCH) was downgraded by equities researchers at JPMorgan Chase & Co. to a “neutral” rating in a note issued to investors on Thursday, Marketbeat reports.

Other analysts have also recently issued reports about the stock. Citigroup reissued a “buy” rating on shares of Inchcape in a research note on Tuesday, January 7th. Berenberg Bank reiterated a “buy” rating and issued a GBX 1,120 ($13.98) price objective on shares of Inchcape in a research report on Friday, October 25th.

Inchcape Stock Down 0.1 %

Shares of LON:INCH opened at GBX 651.30 ($8.13) on Thursday. The company has a quick ratio of 0.51, a current ratio of 1.10 and a debt-to-equity ratio of 198.14. The firm has a market cap of £2.63 billion, a P/E ratio of 972.09, a P/E/G ratio of 2.06 and a beta of 1.19. Inchcape has a 12 month low of GBX 597.50 ($7.46) and a 12 month high of GBX 874 ($10.91). The company’s 50-day moving average price is GBX 759.18 and its two-hundred day moving average price is GBX 786.40.

Insider Activity

In other Inchcape news, insider Byron Elmer Grote bought 4,000 shares of the company’s stock in a transaction on Tuesday, October 29th. The stock was bought at an average price of GBX 730 ($9.11) per share, for a total transaction of £29,200 ($36,458.98). Insiders own 14.84% of the company’s stock.

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.