Pendragon PLC (LON:PDG) was downgraded by stock analysts at Jefferies Group LLC to a “hold” rating in a research note issued on Friday. They presently have a GBX 25 ($0.33) price target on the stock, down from their previous price target of GBX 55 ($0.72). Jefferies Group LLC’s price objective would suggest a potential upside of 4.17% from the stock’s current price.
Other research analysts have also recently issued reports about the stock. Liberum Capital reissued a “buy” rating and set a GBX 43 ($0.57) price target on shares of Pendragon PLC in a report on Tuesday, August 1st. Canaccord Genuity reissued a “hold” rating and set a GBX 36 ($0.47) price target on shares of Pendragon PLC in a report on Tuesday, August 1st. Finally, Numis Securities Ltd reissued a “hold” rating and set a GBX 25 ($0.33) price target on shares of Pendragon PLC in a report on Tuesday, October 24th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Pendragon PLC has a consensus rating of “Hold” and an average price target of GBX 31.60 ($0.42).
Shares of Pendragon PLC (PDG) opened at GBX 24 ($0.32) on Friday. Pendragon PLC has a 12 month low of GBX 20.69 ($0.27) and a 12 month high of GBX 39.25 ($0.52).
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In other news, insider Chris Chambers purchased 510,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 24th. The stock was purchased at an average cost of GBX 23 ($0.30) per share, with a total value of £117,300 ($154,281.20).
About Pendragon PLC
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