UBS cuts target for Inchcape stock to GBp 750.00

Published on 10/08/2026 at 15:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

UBS cut Inchcape from Buy to Neutral on October 7, 2026. Inchcape stock costs EUR 7.70 on October 8, 2026 after EUR 7.68, plus 0.26 percent.

Flatlay-Anordnung mit Aktienzertifikat, ISIN-Karte, Autoschlüssel und kleinem Spielzeugauto — Inchcape plc GB00B61TVQ02 zeigt ein Flatlay mit Aktienzertifikat, ISIN-Karte, Autoschlüssel, Lupe und kleinem Modellauto, Illustration mit AI erstellt.

Inchcape (GB00B61TVQ02) was trading at EUR 7.70 at Lang & Schwarz on October 8, 2026 at 2:48 p.m. CEST, up 0.26 percent versus the prior close of EUR 7.68. UBS cut its rating from Buy to Neutral and lowered its target from GBp 990.00 to GBp 750.00 on October 7, 2026, according to Yahoo Finance.

Three dated signals shape the story

On March 2, 2026, Inchcape's fiscal 2025 annual report recorded revenue of GBP 9.1 billion, according to Sustainability Reports. The report covers the fiscal year ended December 31, 2025, keeping the figure within the current reporting window.

On October 1, 2026, Inchcape agreed to acquire Volvo businesses in Peru and Costa Rica and a Jaguar Land Rover business in Peru. The acquired operations generated GBP 48.70 million in fiscal 2025 and cover five retail locations, according to Inchcape.

On October 7, 2026, UBS became the latest dated signal by cutting the target by GBp 240.00, or 24.24 percent, from GBp 990.00 to GBp 750.00. The change was tied to weaker vehicle volumes and a slower Asia-Pacific recovery, not to the Latin American acquisition.

What tests the outlook?

UBS expects Inchcape's adjusted earnings per share estimates to fall by 2.00 percent to 7.00 percent between 2026 and 2028. It also forecasts Asia-Pacific profit to decline 32.00 percent year over year in the second half of 2026, while third-quarter organic revenue is expected to fall 4.00 percent.

The broker's comparison gives the market a clear counter-factor to the expansion story: the acquired businesses add GBP 48.70 million of fiscal 2025 revenue, while the near-term earnings debate is centered on existing Asia-Pacific volumes and vehicle mix.

Upcoming dates and market context

Inchcape's next dated test is its third-quarter trading update on October 22, 2026, as reported by Yahoo Finance. The Peru and Costa Rica transactions are expected to complete in the first quarter of 2027, subject to conditions and approvals, according to Inchcape.

The LSE quote was last at GBp 645.50 on October 8, 2026 at 1:56 p.m. London time, versus GBp 644.00 previously. The different currencies matter: the Lang & Schwarz euro quote is the reference for German investors, while the LSE value shows the primary-listing context.

Inchcape was trading at EUR 7.70 at Lang & Schwarz on October 8, 2026 at 2:48 p.m. CEST, plus 0.26 percent versus the Lang & Schwarz prior close of EUR 7.68. The further course of trading is shown by the continuously updated real-time quote of Inchcape stock.