Inchcape (LON:INCH) Shares Down 13.3% – Should You Sell?

Inchcape plc (LON:INCH)’s stock price was down 13.3% during mid-day trading on Thursday . The company traded as low as GBX 624.50 ($7.80) and last traded at GBX 652 ($8.14). Approximately 12,121,266 shares traded 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 ($9.39).

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on INCH shares. JPMorgan Chase & Co. cut Inchcape to a “neutral” rating in a research note on Thursday. Berenberg Bank reiterated a “buy” rating and set a GBX 1,120 ($13.98) target price on shares of Inchcape in a report on Friday, October 25th. Finally, Citigroup reiterated a “buy” rating on shares of Inchcape in a report on Tuesday, January 7th.

Inchcape Trading Down 0.1 %

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 stock’s fifty day moving average price is GBX 759.18 and its two-hundred day moving average price is GBX 786.40. The company has a market capitalization of £2.63 billion, a PE ratio of 972.09, a price-to-earnings-growth ratio of 2.06 and a beta of 1.19.

Insiders Place Their Bets

In related news, insider Byron Elmer Grote acquired 4,000 shares of the stock in a transaction on Tuesday, October 29th. The stock was acquired at an average cost of GBX 730 ($9.11) per share, for a total transaction of £29,200 ($36,458.98). 14.84% of the stock is currently owned by company 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.