INCHCAPE PLC/S (OTCMKTS:INCPY) Trading Up 6%

INCHCAPE PLC/S (OTCMKTS:INCPY) shares were up 6% during trading on Monday . The stock traded as high as $7.94 and last traded at $7.80. Approximately 11,304 shares were traded during mid-day trading, an increase of 35% from the average daily volume of 8,395 shares. The stock had previously closed at $7.36.

Separately, Jefferies Financial Group started coverage on INCHCAPE PLC/S in a report on Tuesday, April 30th. They issued a “buy” rating for the company.

The business’s fifty day moving average price is $7.48.

About INCHCAPE PLC/S (OTCMKTS:INCPY)

Inchcape plc operates as an automotive distributor and retailer in the premium and luxury automotive sectors. The company sells and retails new and used cars of various brands. It also provides after sales servicing and parts; and vehicle finance and insurance products and services. The company operates in Asia, Australasia, the United Kingdom, Europe, Africa, South America, and Russia.

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