UBS cuts Inchcape target to GBp 750 for Inchcape stock

Published on 10/15/2026 at 12:56 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

UBS cut its target from GBp 990.00 to GBp 750.00 on October 7, 2026. Inchcape stock costs EUR 8.05 on October 15, 2026.

Analyst warning and expansion plans

UBS cut its Inchcape target to GBp 750.00 on October 7, 2026.
Inchcape reported GBP 9.1 billion revenue and 1.00 percent organic growth for fiscal year 2025.
Inchcape stock traded at EUR 8.05 at 12:46 p.m. CEST at Lang & Schwarz on October 15, 2026.

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Inchcape stock (ISIN GB00B61TVQ02) was trading at EUR 8.05 at Lang & Schwarz on October 15, 2026 at 12:46 p.m. CEST. Proactive Investors reported that UBS cut its rating to Neutral from Buy and reduced its target from GBp 990.00 to GBp 750.00 on October 7, 2026.

UBS points to weaker volumes

The downgrade centers on the Asia-Pacific region, where UBS forecast distributed volumes to fall 26.00 percent in the third quarter of 2026. The broker also forecast third-quarter organic revenue to decline 4.00 percent, making it the weakest quarter of the year.

UBS estimated that distributed volumes fell 3.60 percent year over year in July and August 2026. It also forecast APAC profit to decline 32.00 percent year over year in the second half of 2026, while adjusted earnings per share estimates were cut between 2.00 percent and 7.00 percent for 2026 through 2028.

What does the expansion add?

Inchcape agreed to acquire Volvo businesses in Peru and Costa Rica and a Jaguar Land Rover business in Peru from Automotores Gildemeister on October 1, 2026. According to Inchcape, the businesses generated GBP 48.7 million in fiscal year 2025 and include five retail locations and 90 employees. Completion is expected in the first quarter of 2027, subject to customary conditions and approvals.

The expansion gives the group a counterweight to the APAC pressure. Inchcape's investor page reports GBP 9.1 billion of revenue, 1.00 percent organic growth and GBP 443 million of adjusted profit before tax for fiscal year 2025. Adjusted basic earnings per share reached GBp 80.80, up 13.00 percent from fiscal year 2024, while the proposed dividend rose to GBp 32.30 from GBp 28.60.

Dates investors can track

Inchcape's next substantiated company date is October 22, 2026, when its third-quarter trading update is scheduled, according to Proactive Investors. The announced acquisitions are expected to complete in the first quarter of 2027, according to the company release.

Stock price and investor perspective

The immediate test is whether the October trading update can show improving volumes and margins after the UBS downgrade. On the London Stock Exchange, the stock was last at GBp 675.00 on October 15, 2026 at 11:36 a.m. BST, while the primary listing's market capitalization stood at GBP 2.3 billion.

The further course of trading is shown by the continuously updated real-time quote of Inchcape stock.