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Prices & Quotes - UK Markets - Inchcape (INCH)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Down 496.80p
Change Today:
-8.20p
Market Cap:
1,953.79m
Sector:
Support Services

JPMorgan upgrades Inchcape, downgrades Signature Aviation

By Michele Maatouk

Date: Wednesday 26 Aug 2020

LONDON (ShareCast) - (Sharecast News) - Shares of car dealership Inchcape got a boost on Wednesday as JPMorgan Cazenove upgraded the stock to 'overweight' from 'neutral', saying it has been positively surprised by the strength of the company's cash flow, with carefully controlled working capital pressure.
"While earnings are under severe pressure in the short run, we note that many of the group's markets are at multi-year lows," it said. "Timing is difficult, but at some point, we think the group will begin to see materially stronger earnings momentum."

In the meantime, the group's balance sheet is strong, said JPM, which lifted its price target on the stock to 595p from 510p.

In the same note, JPMorgan downgraded its stance on Signature Aviation to 'neutral' from 'overweight' and cut the price target to 267p from 312p.

It said Signature has proven itself to be more resilient than feared, with perceived balance sheet risk now neutralised.

Nevertheless, it had decided to downgrade the rating following an 18% rise in the share price in the last month, arguing that the stock now seems closer to fair value.

"We prefer to pause here until some structural risks such as ESG and remote working etc become clearer," it said.

At 1035 BST, Inchcape shares were up 4.4% at 504.10p and Signature shares were down 3% at 260p.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Inchcape Market Data

Currency UK Pounds
Price 496.80p
Change Today -8.20p
52 Week High 720.00p
52 Week Low 420.00p
Volume 92,077
Shares Issued 393.27m
Market Cap 1,953.79m

Performance Indicators

Compare performance with the sector and the market.

Key
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Value
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Price Trend
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Income
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Growth
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Price Chg 6m
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P/E
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PEG
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Dividend Yield
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EPS Growth
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Operating Margin
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sector
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What The Brokers Say

Strong Buy 6
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 7
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Inchcape Dividends

  Latest Previous
  Interim Final
Ex-Div 01-Aug-19 16-May-19
Paid 04-Sep-19 21-Jun-19
Amount 8.90p 17.90p

Trades for 26-Oct-2020

Time Volume / Share Price
15:12 34 @ 496.80p
15:12 10 @ 496.69p
15:06 50 @ 498.00p
14:57 11 @ 498.60p
14:57 350 @ 498.20p

Inchcape Key Personnel

Chair Nigel Stein
CFO Gijsbert de Zoeten
CEO Duncan Tait