Inchcape plc (LON:INCH) Receives Average Rating of “Buy” from Brokerages – Sundance Herald
Shares of Inchcape plc (LON:INCH) have been given an average rating of “Buy” by the six brokerages that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is GBX 699 ($9.13). JPMorgan Chase & Co. cut their price target on Inchcape from GBX 823 ($10.75) to GBX 803 ($10.49) and set an “overweight” rating on the stock in a report on Friday, March 1st.