Pendragon PLC Stock Rating Reaffirmed by Numis Securities Ltd (PDG)
Pendragon PLC (LON:PDG)‘s stock had its “hold” rating reiterated by investment analysts at Numis Securities Ltd in a note issued to investors on Tuesday. They currently have a GBX 35 ($0.59) price objective on the stock. Numis Securities Ltd’s target price indicates a potential upside of 6.87% from the company’s current price.
Pendragon PLC (LON:PDG) opened at 32.00 on Tuesday. Pendragon PLC has a 1-year low of GBX 27.00 and a 1-year high of GBX 41.75. The stock’s 50-day moving average is GBX 30.60 and its 200-day moving average is GBX 31.10. The company’s market cap is £456.3 million.
The company also recently declared a dividend, which is scheduled for Monday, October 27th. Stockholders of record on Wednesday, September 24th will be given a dividend of GBX 0.30 ($0.01) per share. This represents a yield of 0.92%. The ex-dividend date of this dividend is Wednesday, September 24th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Liberum Capital reiterated a “hold” rating on shares of Pendragon PLC in a research note on Thursday, August 7th. They now have a GBX 30 ($0.50) price target on the stock. Analysts at Jefferies Group reiterated a “buy” rating on shares of Pendragon PLC in a research note on Tuesday, August 5th. They now have a GBX 47 ($0.79) price target on the stock. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of GBX 37.75 ($0.63).
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 98 franchise points, including Aston Martin, BMW, Ferrari, Honda, Jaguar, Land Rover, Lotus, Maserati, Mercedes-Benz, MINI, Morgan, Porsche and Smart as well as five motorcycle franchises; Evans Halshaw, which is a motor car retailer with 133 franchise points, including Chevrolet, Citroen, Dacia, Ford, Hyundai, Kia, Nissan, Peugeot, Renault and Vauxhall; Quicks Used car retailer with seven points in the United Kingdom; 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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