Pendragon Rating Reiterated by Jefferies Group (PDG)
Pendragon (LON:PDG)‘s stock had its “buy” rating reiterated by investment analysts at Jefferies Group in a note issued to investors on Tuesday, AnalystRatingsNetwork.com reports. They currently have a GBX 47 ($0.79) price objective on the stock. Jefferies Group’s price target indicates a potential upside of 44.62% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Panmure Gordon reiterated a “hold” rating on shares of Pendragon in a research note on Wednesday, February 12th. They now have a GBX 35 ($0.59) price target on the stock. Separately, analysts at Liberum Capital reiterated a “sell” rating on shares of Pendragon in a research note on Friday, January 10th. They now have a GBX 28 ($0.47) price target on the stock. Finally, analysts at Liberum Capital initiated coverage on shares of Pendragon in a research note on Tuesday, December 3rd. They set a “sell” rating and a GBX 28 ($0.47) price target on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. Pendragon currently has an average rating of “Hold” and a consensus target price of GBX 33.17 ($0.56).
Shares of Pendragon (LON:PDG) traded down 5.11% during mid-day trading on Tuesday, hitting GBX 32.50. The stock had a trading volume of 3,064,321 shares. Pendragon has a 52 week low of GBX 20.80 and a 52 week high of GBX 41.75. The stock has a 50-day moving average of GBX 35.10 and a 200-day moving average of GBX 34.68. The company’s market cap is £461.1 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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