Till Vestring Purchases 462 Shares of Inchcape plc (INCH) Stock

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Inchcape plc (LON:INCH) insider Till Vestring bought 462 shares of Inchcape stock in a transaction on Monday, December 3rd. The stock was acquired at an average cost of GBX 600 ($7.84) per share, with a total value of £2,772 ($3,622.11).

Shares of INCH opened at GBX 564 ($7.37) on Thursday. Inchcape plc has a one year low of GBX 660.50 ($8.63) and a one year high of GBX 885 ($11.56).

INCH has been the subject of a number of research analyst reports. Barclays raised Inchcape to an “overweight” rating and set a GBX 700 ($9.15) target price for the company in a report on Wednesday, October 31st. HSBC lowered Inchcape to a “hold” rating and reduced their target price for the stock from GBX 860 ($11.24) to GBX 650 ($8.49) in a report on Wednesday, October 17th. Finally, JPMorgan Chase & Co. reduced their target price on Inchcape from GBX 915 ($11.96) to GBX 823 ($10.75) and set an “overweight” rating for the company in a report on Friday, November 9th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Inchcape currently has a consensus rating of “Buy” and an average target price of GBX 812 ($10.61).

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Inchcape Company Profile

Inchcape plc operates as an automotive distributor and retailer in the premium and luxury automotive sectors. The company sells and retails new and used cars of various brands. It also provides after sales servicing and parts; and vehicle finance and insurance products and services. The company operates in Asia, Australasia, the United Kingdom, Europe, Africa, South America, and Russia.

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