UBS cut target for Inchcape stock to GBp 750

Published on 10/20/2026 at 13:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Inchcape reported GBP 4.72 billion revenue for the first half of 2026, up 9.30 percent year over year. Inchcape stock costs EUR 8.10 on October 20, 2026.

Analyst pressure and upcoming test

UBS cut its Inchcape target from GBp 990.00 to GBp 750.00 on October 7, 2026.
First-half 2026 revenue reached GBP 4.72 billion, up 9.30 percent year over year.
Inchcape stock trades at EUR 8.10 at 1:14 p.m. CEST at Lang & Schwarz on October 20, 2026.
Inchcape's third-quarter trading update is scheduled for October 22, 2026.

Inchcape, GB00B61TVQ02, Illustration mit AI erstellt.

Inchcape stock (ISIN GB00B61TVQ02) was trading at EUR 8.10 at Lang & Schwarz on October 20, 2026 at 1:14 p.m. CEST. The main catalyst remains UBS's October 7, 2026 downgrade from Buy to Neutral and its target cut from GBp 990.00 to GBp 750.00, as reported by Yahoo Finance.

UBS flags weaker APAC volumes

UBS expects Inchcape's adjusted earnings per share estimates to fall by 2.00 percent to 7.00 percent between 2026 and 2028. The broker also forecast a 26.00 percent decline in distributed Asia-Pacific volumes in the third quarter, while identifying the October 22 trading update as an important test.

The concern is concentrated in vehicle volumes, product mix and the pace of recovery in Asia Pacific. UBS said clearer evidence of recovering volumes and margins would be needed for a stronger rerating, while new contracts and improving vehicle availability could support the fourth quarter.

What do the results show?

Inchcape's first-half 2026 revenue was GBP 4.72 billion, up 9.30 percent from the first half of 2025, while net income fell 34.00 percent to GBP 83.0 million, according to Simply Wall St. The contrasting figures put operating execution ahead of revenue growth on the agenda.

Three dates shape the story

On March 3, 2026, Inchcape published fiscal year 2025 results showing GBP 9.10 billion revenue. On July 28, 2026, it released first-half 2026 figures with GBP 4.72 billion revenue. On October 7, 2026, UBS cut its target to GBp 750.00, the latest dated market event.

Next company date

Inchcape's next substantiated company date is October 22, 2026, when its third-quarter trading update is scheduled, according to Yahoo Finance.

Price stays below the yearly high

The primary London listing was last at GBp 676.50 at 12:19 p.m. BST on October 20, 2026. Its 52-week range was GBp 627.87 to GBp 895.00 on the same date, leaving the stock materially below the upper boundary while UBS's target remains above the London quote.

Inchcape stock was trading at EUR 8.10 at Lang & Schwarz on October 20, 2026 at 1:14 p.m. CEST.

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