Pendragon PLC (LON:PDG) has earned an average recommendation of “Hold” from the six brokerages that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is GBX 24.17 ($0.33).
Several equities analysts recently issued reports on PDG shares. Liberum Capital reaffirmed an “under review” rating on shares of Pendragon in a research report on Monday, October 23rd. Numis Securities reaffirmed a “hold” rating and issued a GBX 25 ($0.35) price objective on shares of Pendragon in a research report on Tuesday, October 24th. JPMorgan Chase & Co. started coverage on Pendragon in a research report on Friday, December 1st. They issued an “underweight” rating and a GBX 17 ($0.23) price objective on the stock. Jefferies Group cut Pendragon to a “hold” rating and lowered their price objective for the company from GBX 55 ($0.76) to GBX 25 ($0.35) in a research report on Friday, November 10th. Finally, Berenberg Bank reaffirmed a “hold” rating and issued a GBX 26 ($0.36) price objective on shares of Pendragon in a research report on Monday, December 4th.
Shares of Pendragon (LON PDG) opened at GBX 23.35 ($0.32) on Wednesday. Pendragon has a 12-month low of GBX 20.03 ($0.28) and a 12-month high of GBX 39.25 ($0.54). The company has a market capitalization of $335.94 and a P/E ratio of 583.75.
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.
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