Pendragon Rating Reiterated by Jefferies Group (PDG)
Pendragon (LON:PDG)‘s stock had its “buy” rating reaffirmed by analysts at Jefferies Group in a research report issued to clients and investors on Friday, Stock Ratings Network reports. They currently have a GBX 40 ($0.65) price objective on the stock. Jefferies Group’s price objective would suggest a potential upside of 19.40% from the stock’s previous close.
Separately, analysts at Panmure Gordon raised their price target on shares of Pendragon (LON:PDG) from GBX 23 ($0.37) to GBX 28 ($0.45) in a research note to investors on Tuesday, August 6th. They now have a “hold” rating on the stock.
Shares of Pendragon (LON:PDG) traded up 0.75% on Friday, hitting GBX 33.75. 41,407 shares of the company’s stock traded hands. Pendragon has a one year low of GBX 13.50 and a one year high of GBX 35.50. The stock’s 50-day moving average is GBX 32.10 and its 200-day moving average is GBX 26.25. The company’s market cap is £478.8 million.
Pendragon PLC is an automotive retailer with 235 worldwide franchise points. It operates in seven segments: Stratstone, which is a prestige motor car retailer with 93 franchise points, including Aston Martin, BMW, Ferrari, Honda, Jaguar, Land Rover, Lotus, Maserati, Mercedes-Benz, MINI, Porsche and Smart; Evans Halshaw, which is a motor car retailer with 125 franchise points, including Chevrolet, Citroen, Ford, Hyundai, Kia, Nissan, Peugeot, Renault and Vauxhall; Chatfields, which is a commercial vans and trucks retailer with eight franchise points, including DAF, Ford, Nissan and Renault; California, which is a prestige brands of Aston Martin, Land Rover and Jaguar with nine franchise points in Southern California; Leasing, which is a fleet leasing and contract hire solutions in the United Kingdom; Quickco, which has independent parts wholesale business, and Pinewood, which is a in-house software company that supplies dealer management systems.
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