1 day Ago By ABMN Staff
Inchcape ( LON:INCH – Free Report ) had its price target reduced by Citigroup from GBX 1,194 ($16.01) to GBX 1,163 ($15.60) in a research report sent to investors on Tuesday, MarketBeat Ratings reports.
Citigroup currently has a buy rating on the stock. Separately, JPMorgan Chase & Co. lowered shares of Inchcape to a “neutral” rating in a research note on Thursday, January 23rd.
View Our Latest Analysis on INCH Inchcape Price Performance Inchcape ( LON:INCH – Get Free Report ) last released its quarterly earnings data on Tuesday, March 4th. The company reported GBX 71.30 ($0.
96) earnings per share (EPS) for the quarter. Inchcape had a net margin of 2.45% and a return on equity of 17.
60%. As a group, equities analysts predict that Inchcape will post 85.9639233 earnings per share for the current year.
Inchcape Increases Dividend The firm also recently disclosed a dividend, which will be paid on Monday, June 16th. Shareholders of record on Thursday, May 1st will be issued a GBX 17.20 ($0.
23) dividend. This represents a yield of 2.38%.
The ex-dividend date of this dividend is Thursday, May 1st. This is a boost from Inchcape’s previous dividend of $11.30.
Inchcape’s dividend payout ratio is 57.52%. Insider Activity In related news, insider Duncan Tait acquired 6,948 shares of Inchcape stock in a transaction that occurred on Tuesday, March 4th.
The stock was bought at an average price of GBX 716 ($9.60) per share, with a total value of £49,747.68 ($66,721.
67). Company insiders own 14.84% of the company’s stock.
About Inchcape ( Get Free Report ) 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. Recommended Stories Receive News & Ratings for Inchcape Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Inchcape and related companies with MarketBeat.
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