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Inchcape plc 20.6% Potential Upside Indicated by HSBC

Inchcape plc using EPIC/TICKER code (LON:INCH) has had its stock rating noted as ‘Upgrades’ with the recommendation being set at ‘BUY’ this morning by analysts at HSBC. Inchcape plc are listed in the Consumer Services sector within UK Main Market. HSBC have set a target price of 690 GBX on its stock. This would imply the analyst believes there is now a potential upside of 20.6% from today’s opening price of 572 GBX. Over the last 30 and 90 trading days the company share price has increased 45 points and decreased 44.5 points respectively. The 1 year high stock price is 826 GBX while the 52 week low for the stock is 482.2 GBX.

Inchcape plc has a 50 day moving average of 568.97 GBX and the 200 Day Moving Average price is recorded at 677.52. There are currently 415,127,453 shares in issue with the average daily volume traded being 1,010,808. Market capitalisation for LON:INCH is £2,370,377,756 GBP.