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Home / Support and Resistance / Inchcape (INCH.L) 26-03-20

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Inchcape (INCH.L) 26-03-20

Will Inchcape (INCH.L) break below the 446p support, or bounce to highs at 608p (+37%)?

 

  • Currently trading around the 446p support at 440.8p (at time of writing).
  • Will the shares rally to recent highs of 608p? (+37%).
  • Shares -38% from 12-month highs; +1% from 12 month lows.

Latest News

20 Mar:  Inchape, the automotive distribution company, announced the suspension of the £150m share buyback process that was undertaken in February, due to the ongoing covid-19 outbreak.

04 Mar:  Jefferies International reiterates its buy rating on Inchcape (INCH) and reduced the target price to 790p (from 845p).

28 Feb:  Barclays Capital reiterates its overweight rating on Inchcape (INCH) and reduced the target price to 845p (from 855p).

28 Feb:  JP Morgan Cazenove reiterates its neutral rating on Inchcape (INCH) and reduced the target price to 550p (from 590p).

 

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

 

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