Jefferies analyst James Wheatcroft has maintained their bullish stance on INCH stock, giving a Buy rating on October 20.
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James Wheatcroft has given his Buy rating due to a combination of factors that highlight Inchcape’s strong performance and future potential. The company has reaffirmed its guidance for the fiscal year 2025, indicating confidence in its growth trajectory. This is supported by a significant increase in third-quarter volumes, which outpaced the market, and a notable organic growth rate. Such performance suggests that Inchcape is well-positioned to meet its medium-term earnings per share growth targets of over 10%.
Additionally, Inchcape’s valuation metrics, including a price-to-earnings ratio of 8.4x and a free cash flow yield of 16.6%, present an attractive investment opportunity. The company’s commitment to generating substantial free cash flow by the end of fiscal year 2030 further underscores its potential for delivering material cash returns to shareholders. These factors collectively contribute to Wheatcroft’s positive outlook and Buy rating for Inchcape’s stock.
According to TipRanks, Wheatcroft is a 4-star analyst with an average return of 7.0% and a 46.36% success rate. Wheatcroft covers the Consumer Cyclical sector, focusing on stocks such as Entain plc, Flutter Entertainment PLC, and Playtech.
In another report released on October 20, Citi also maintained a Buy rating on the stock with a £11.15 price target.