Inchcape (LON:INCH) Trading Down 13.3% – Time to Sell?

Inchcape plc (LON:INCH) shares were down 13.3% on Friday . The stock traded as low as GBX 624.50 ($7.71) and last traded at GBX 652 ($8.05). Approximately 12,121,266 shares changed hands 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).

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Citigroup reissued a “buy” rating on shares of Inchcape in a report on Tuesday, January 7th. JPMorgan Chase & Co. downgraded shares of Inchcape to a “neutral” rating in a report on Thursday. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,120 ($13.83) price target on shares of Inchcape in a report on Friday, October 25th.

Inchcape Trading Down 0.2 %

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 capitalization of £2.62 billion, a P/E ratio of 970.90, a price-to-earnings-growth ratio of 2.06 and a beta of 1.19. The firm’s 50-day simple moving average is GBX 761.12 and its 200-day simple moving average is GBX 787.37.

Insider Transactions at Inchcape

In other Inchcape news, insider Byron Elmer Grote purchased 4,000 shares of Inchcape 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 currently 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.