# Inchcape plc 62.9% potential upside indicated by Berenberg Bank

- Link: https://www.directorstalkinterviews.com/inchcape-plc-62.9-potential-upside-indicated-by-berenberg-bank/4121132477
- Published: 2023-11-09T12:20:04+00:00
- Author: Charlotte Edwards

**Inchcape plc** with ticker (LON:INCH) now has a potential upside of 62.9% according
to Berenberg Bank.
Berenberg Bank set a target price of 1,085 GBX for the company,
which when compared to the Inchcape plc share price of 666 GBX at opening today (
09/11/2023) indicates a potential upside of 62.9%. Trading has ranged between 636(
52 week low) and 1,087 (52 week high) with an average of 678,849 shares exchanging
hands daily. The market capitalisation at the time of writing is £2,740,302,108.
Inchcape plc is a United Kingdom-based global automotive distributor, operating 
in approximately 40 markets with a portfolio of automotive brands. Its segments 
include Distribution and Retail. The Distribution segment includes APAC, Europe 
and Africa, and Americas, which is engaged in the sale of new and used vehicles 
together with logistics services where the Company is a distributor, alongside associated
aftersales activities of service, body shop repairs and parts sales. The Retail 
segment includes the United Kingdom and Europe, which is engaged in sale of new 
and used vehicles, together with associated aftersales activities of service, body
shop repairs and parts sales. The Company provides a range of services for its original
equipment manufacturer (OEM) partners, such as products planning, logistics, brand
and marketing, channel management, retail services, and aftermarket services. It
has approximately 1000 retail and distribution network locations.

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