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.
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