Inchcape released an unscheduled trading update last Friday stating that the Group’s performance to date has exceeded its expectations. The Group has announced the continuation of encouraging trends across the business, with an uptick in demand and margin resilience. As a result of this update, we upgrade our forecasts for FY21, leaving FY22 and FY23 forecasts unchanged at this stage. This upgrade increases our intrinsic valuation to 1,048p per share.
21 Jun 2021
Inchcape PLC (INCH LN) - Another upgrade
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Inchcape PLC (INCH LN) - Another upgrade
Inchcape plc (INCH:LON) | 726 0 0.0% | Mkt Cap: 2,997m
- Published:
21 Jun 2021 -
Author:
Rachel Birkett, CFA -
Pages:
8
Inchcape released an unscheduled trading update last Friday stating that the Group’s performance to date has exceeded its expectations. The Group has announced the continuation of encouraging trends across the business, with an uptick in demand and margin resilience. As a result of this update, we upgrade our forecasts for FY21, leaving FY22 and FY23 forecasts unchanged at this stage. This upgrade increases our intrinsic valuation to 1,048p per share.