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Inchcape plc 20.9% Potential Decrease Indicated by JP Morgan Cazenove

Inchcape plc with EPIC/TICKER (LON:INCH) has had its stock rating noted as ‘Downgrades’ with the recommendation being set at ‘NEUTRAL’ this morning by analysts at JP Morgan Cazenove. Inchcape plc are listed in the Consumer Services sector within UK Main Market. JP Morgan Cazenove have set a target price of 620 GBX on its stock. This indicates the analyst believes there is a potential downside of -20.9% from today’s opening price of 784 GBX. Over the last 30 and 90 trading days the company share price has increased 175.5 points and increased 168.5 points respectively. The 1 year high stock price is 885 GBX while the 52 week low is 660.5 GBX.

Inchcape plc has a 50 day moving average of 608.91 GBX and a 200 day moving average of 589.79. There are currently 415,127,456 shares in issue with the average daily volume traded being 984,186. Market capitalisation for LON:INCH is £3,266,989,369 GBP.