Pendragon PLC (PDG) Receives Consensus Recommendation of “Hold” from Brokerages
Shares of Pendragon PLC (LON:PDG) have been given a consensus rating of “Hold” by the six analysts that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is GBX 29.17 ($0.39).
PDG has been the subject of a number of recent research reports. Liberum Capital restated an “under review” rating on shares of Pendragon in a research note on Monday, October 23rd. Numis Securities restated a “hold” rating and set a GBX 25 ($0.33) price target on shares of Pendragon in a research note on Tuesday, October 24th. Jefferies Group downgraded Pendragon to a “hold” rating and cut their price target for the company from GBX 55 ($0.74) to GBX 25 ($0.33) in a research note on Friday, November 10th. Finally, J P Morgan Chase & Co initiated coverage on Pendragon in a research note on Friday. They set an “underweight” rating and a GBX 17 ($0.23) price target for the company.
In related news, insider Chris Chambers acquired 510,000 shares of the stock in a transaction dated Tuesday, October 24th. The shares were purchased at an average cost of GBX 23 ($0.31) per share, with a total value of £117,300 ($157,091.20).
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