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Will Berenberg Downgrade to “Hold” Be a Headwind For Inchcape PLC (LON:INCH) Stock Today?

Berenberg Analyst Rating Change Inchcape PLC LON:INCH

Inchcape PLC (LON:INCH) Downgrade of Rating

Berenberg was lowered to “Hold” and currently has GBX 735.00 target on Inchcape Plc (LON:INCH)’s stock. This was published in a note on Friday, 1 April.

According to data compiled by Thomson Reuters, Inchcape PLC (LON:INCH)’s stock is covered by 9 equity analysts across the Street, with 0 analysts giving it a Sell rating, 4 a Buy rating, while 4 consider it a Hold. The 12-month consensus target price for the stock is GBX 800.56, which reflects an upside potential of 14.99% over the current price.

LON:INCH Price Chart & Trend

The stock price of Inchcape PLC has dropped 19.18% over the last 200 days, and is in strong down trend. In the last 50 and 100 days, Inchcape PLC is down 4.21% and down 13.46%, respectively. Our stocks momentum model is shown on the price chart below. Will Berenberg Downgrade to "Hold" Be a Headwind For Inchcape PLC (LON:INCH) Stock Today?

Source: RightEdge Systems, Yahoo Split & Dividend Adjusted Data and OctaFinance Trading Models

INCH Stock Chart

Inchcape PLC (LON:INCH) Profile

Inchcape plc is a United Kingdom-based global automotive distributor and retailer. The Company operates in 26 markets. The Company is organized into six geographic operating segments: Australasia, Europe, North Asia, South Asia, United Kingdom and Emerging Markets.

Inchcape PLC (LON:INCH) traded down -3.77% on 1 April, hitting GBX 696.22. A total of 1.33M shares of the company’s stock traded hands. This is up from average of 942,222 shares. Inchcape PLC has a 52 week low of GBX 657.50 and a 52 week high of GBX 906.65. The company has a market cap of 3.01B GBX and a P/E ratio of 17.72.

Get the latest Inchcape PLC (LON:INCH) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

The post Will Berenberg Downgrade to “Hold” Be a Headwind For Inchcape PLC (LON:INCH) Stock Today? appeared first on Octafinance.



This post first appeared on Octafinance – Financial News, Reports And Intell, please read the originial post: here

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Will Berenberg Downgrade to “Hold” Be a Headwind For Inchcape PLC (LON:INCH) Stock Today?

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