Pendragon (LON:PDG)‘s stock had its “hold” rating reissued by Numis Securities in a research note issued to investors on Monday, February 19th. They presently have a GBX 25 ($0.35) price target on the stock. Numis Securities’ price target suggests a potential downside of 8.42% from the company’s current price.
PDG has been the subject of a number of other reports. 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 target for the company. Jefferies Group downgraded Pendragon to a “hold” rating and lowered their price target for the stock from GBX 55 ($0.76) to GBX 25 ($0.35) in a research report on Friday, November 10th. Liberum Capital restated an “under review” rating on shares of Pendragon in a research report on Monday, October 23rd. Canaccord Genuity restated a “hold” rating and issued a GBX 26 ($0.36) price target on shares of Pendragon in a research report on Monday, December 4th. Finally, Berenberg Bank restated a “hold” rating and issued a GBX 26 ($0.36) price target on shares of Pendragon in a research report on Monday, December 4th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The company presently has a consensus rating of “Hold” and an average target price of GBX 24.17 ($0.33).
Pendragon (LON:PDG) remained flat at $GBX 27.30 ($0.38) during mid-day trading on Monday. 759,326 shares of the company’s stock traded hands, compared to its average volume of 3,110,000. Pendragon has a 1-year low of GBX 20.03 ($0.28) and a 1-year high of GBX 39.25 ($0.54). The stock has a market capitalization of $387.98 and a PE ratio of 682.50.
Pendragon (LON:PDG) last posted its earnings results on Tuesday, February 13th. The company reported GBX 3.30 ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of GBX 3.20 ($0.04) by GBX 0.10 ($0.00). The firm had revenue of GBX 473.91 billion during the quarter. Pendragon had a net margin of 0.75% and a return on equity of 8.08%.
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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