Reaffirmed: Inchcape (LON:INCH) Buy Rating Reconfirmed by research analysts Nomura; GBX 820.00 Target in Place

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Inchcape (LON:INCH) Rating Reaffirmed

Equities researchers at Nomura now has a GBX 820.00 price target on Inchcape (LON:INCH). Nomura and their recent price target would indicate a potential upside of 5.60% from the company’s last price. The rating has been disclosed to clients in a very recent research note on 7 December.

From a total of 11 analysts covering Inchcape PLC (LON:INCH) stock, 7 rate it a ”Buy”, 0 a “Sell”, and 4 a ”Hold”. This means that 64% of the ratings are positive. The highest target price is GBX 950 while the lowest target price is GBX 680. The mean of all analyst targets is GBX 841.36 with a 7.39% above today’s (GBX 777) stock price. Inchcape PLC was the topic of 36 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. Liberum Capital maintained shares on November 30 with “Hold” rating. Deutsche Bank maintained shares with “Hold” rating and GBX 860 target share price in a report from an October 22. Nomura maintained INCH stock in a recent report from October 23 with “Buy” rating. Numis Securities maintained the rating on October 21. Numis Securities has a “Hold” rating and a GBX 850 price target on shares. Finally, J.P. Morgan maintained the stock with “Overweight” rating in a report issued on an October 22.

Approximately 181,468 shares of stock traded hands. Inchcape plc (LON:INCH) has declined 10.93% since May 8, 2015 and is downtrending. It has underperformed by 9.85% the S&P500.

Reaffirmed: Inchcape (LON:INCH) Buy Rating Reconfirmed by research analysts Nomura; GBX 820.00 Target in Place

Inchcape plc is a United Kingdom-based global automotive distributor and retailer. The company has a market cap of 3.42 billion GBP. The Firm operates in 26 markets. It has 20.86 P/E ratio. The Firm is organized into six geographic operating divisions: Australasia, Europe, North Asia, South Asia, United Kingdom and Emerging Markets.

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