Jefferies analyst James Wheatcroft has reiterated their bullish stance on INCH stock, giving a Buy rating on April 23.
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James Wheatcroft has given his Buy rating due to a combination of factors, including Inchcape’s reaffirmed target of double‑digit EPS growth through FY26E and a stronger‑than‑guided start to the year, with first‑quarter revenue rising 7% against a soft comparison. He highlights that organic growth accelerated to 6%, driven by solid momentum in the Americas and Europe/Africa, supplemented by new contract wins and progress on the share buyback.
He also sees additional upside from management’s ongoing bolt‑on M&A strategy, supported by an active acquisition pipeline. In his view, the current valuation does not fully capture these medium‑term growth prospects, with FY26E multiples such as 9.1x P/E, 5.3x EV/EBITDA, and a double‑digit FCF yield complemented by an attractive dividend yield, making the risk‑reward profile compelling.
In another report released on April 23, UBS also maintained a Buy rating on the stock with a p990.00 price target.
Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of INCH in relation to earlier this year.