Stock analysts at JPMorgan Chase & Co. began coverage on shares of Pendragon (LON:PDG) in a report released on Friday, December 1st. The brokerage set an “underweight” rating and a GBX 17 ($0.23) price target on the stock. JPMorgan Chase & Co.’s price objective points to a potential downside of 40.35% from the stock’s current price.

Other equities analysts also recently issued reports about the company. Jefferies Group downgraded Pendragon to a “hold” rating and cut their target price for the company from GBX 55 ($0.74) to GBX 25 ($0.33) in a research report on Friday, November 10th. Numis Securities reaffirmed a “hold” rating and set a GBX 25 ($0.33) price target on shares of Pendragon in a research report on Tuesday, October 24th. Finally, Liberum Capital downgraded Pendragon to a “hold” rating and cut their price target for the stock from GBX 43 ($0.57) to GBX 26 ($0.35) in a research report on Tuesday, October 24th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The company currently has a consensus rating of “Hold” and an average price target of GBX 24.17 ($0.32).

Pendragon (LON:PDG) traded up GBX 0.50 ($0.01) during midday trading on Friday, hitting GBX 28.50 ($0.38). The company had a trading volume of 193,830 shares, compared to its average volume of 1,410,000. Pendragon has a 52-week low of GBX 20.69 ($0.28) and a 52-week high of GBX 39.25 ($0.52). The firm has a market cap of $406.07 and a P/E ratio of 712.50.

In related news, insider Chris Chambers purchased 510,000 shares of the business’s stock in a transaction on Tuesday, October 24th. The shares were bought at an average cost of GBX 23 ($0.31) per share, with a total value of £117,300 ($156,839.15).

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Pendragon Company Profile

Analyst Recommendations for Pendragon (LON:PDG)

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