Pendragon PLC (PDG) Price Target Lowered to GBX 46 at Berenberg Bank
Pendragon PLC (LON:PDG) had its target price lowered by analysts at Berenberg Bank from GBX 52 ($0.63) to GBX 46 ($0.56) in a report released on Wednesday. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s price target indicates a potential upside of 64.29% from the company’s current price.
Several other research analysts also recently issued reports on PDG. Numis Securities Ltd reissued an “add” rating and set a GBX 35 ($0.43) price objective on shares of Pendragon PLC in a research report on Wednesday, August 3rd. Liberum Capital reissued a “buy” rating and set a GBX 50 ($0.61) price objective on shares of Pendragon PLC in a research report on Tuesday, August 2nd. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of GBX 48.20 ($0.59).
Pendragon PLC (LON:PDG) opened at 28.00 on Wednesday. The firm’s market cap is GBX 405.92 million. Pendragon PLC has a 52-week low of GBX 25.10 and a 52-week high of GBX 49.00. The company’s 50 day moving average is GBX 30.84 and its 200 day moving average is GBX 33.73.
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The company also recently announced a dividend, which will be paid on Tuesday, October 25th. Stockholders of record on Thursday, September 22nd will be issued a GBX 0.70 ($0.01) dividend. This represents a dividend yield of 2.26%. The ex-dividend date of this dividend is Thursday, September 22nd.
Pendragon PLC Company Profile
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