Inchcape plc 49.8% potential upside indicated by Berenberg Bank

Inchcape plc with ticker (LON:INCH) now has a potential upside of 49.8% 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 725 GBX at opening today (22/08/2023) indicates a potential upside of 49.8%. Trading has ranged between 667 (52 week low) and 1,087 (52 week high) with an average of 769,405 shares exchanging hands daily. The market capitalisation at the time of writing is £2,988,105,645.

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.