Pendragon PLC (PDG) Given Consensus Rating of “Hold” by Brokerages

Shares of Pendragon PLC (LON:PDG) have earned an average rating of “Hold” from the six ratings firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is GBX 24.17 ($0.33).

PDG has been the subject of a number of research reports. Canaccord Genuity restated a “hold” rating and issued a GBX 26 ($0.35) target price on shares of Pendragon in a research note on Monday, December 4th. Berenberg Bank restated a “hold” rating and issued a GBX 26 ($0.35) target price on shares of Pendragon in a research note on Monday, December 4th. Liberum Capital restated a “hold” rating and issued a GBX 26 ($0.35) target price on shares of Pendragon in a research note on Monday, December 4th. JPMorgan Chase & Co. initiated coverage on Pendragon in a research note on Friday, December 1st. They issued an “underweight” rating and a GBX 17 ($0.23) target price for the company. Finally, Jefferies Group downgraded Pendragon to a “hold” rating and decreased their target price for the company from GBX 55 ($0.75) to GBX 25 ($0.34) in a research note on Friday, November 10th.

Pendragon (LON PDG) opened at GBX 25.25 ($0.34) on Friday. The company has a market capitalization of $369.18 and a PE ratio of 631.25. Pendragon has a 52 week low of GBX 20.69 ($0.28) and a 52 week high of GBX 39.25 ($0.53).

In other Pendragon news, insider Chris Chambers purchased 510,000 shares of the business’s stock in a transaction dated Tuesday, October 24th. The shares were bought at an average price of GBX 23 ($0.31) per share, with a total value of £117,300 ($159,072.42).

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About Pendragon

Pendragon PLC is an automotive online retailer. The Company’s principal market activities are the retailing of used and new vehicles and the service and repair of vehicles (aftersales). Its segments are Stratstone, which consists of its vehicles, truck and commercial vans brand, including the sale of new and used motor cars, motorbikes, trucks and vans, together with associated aftersales activities; Evans Halshaw, which consists of its volume brand, including the sale of new and used motor vehicles and commercial vans; US Motor Group, which consists of its retail operations in California in the United States, including the sale of new and used motor cars; Pinewood, which consists of its activities as a dealer management systems provider; Leasing, which consists of its contract hire and leasing activities; Quickco, which consists of its wholesale parts distribution businesses, and Central, which represents its head office function and includes all central activities.

Analyst Recommendations for Pendragon (LON:PDG)

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