Inchcape delivered better than expected Q1 results last week and is showing signs of a broad-based recovery across a number of geographies. The Group recently announced its decision to right-size its Russian retail operations with a £70m disposal, set to complete in Q2 2021. We have updated our forecasts accordingly and our intrinsic value increases to 1,045.5p.
04 May 2021
Inchcape PLC (INCH LN) - Update to forecasts
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Inchcape PLC (INCH LN) - Update to forecasts
Inchcape plc (INCH:LON) | 729 14.6 0.3% | Mkt Cap: 3,011m
- Published:
04 May 2021 -
Author:
Rachel Birkett, CFA -
Pages:
13
Inchcape delivered better than expected Q1 results last week and is showing signs of a broad-based recovery across a number of geographies. The Group recently announced its decision to right-size its Russian retail operations with a £70m disposal, set to complete in Q2 2021. We have updated our forecasts accordingly and our intrinsic value increases to 1,045.5p.