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

Pendragon PLC (LON:PDG) has been given a consensus recommendation of “Hold” by the six research firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is GBX 24.17 ($0.32).

A number of research firms have recently issued reports on PDG. Canaccord Genuity restated a “hold” rating and set a GBX 26 ($0.35) target price on shares of Pendragon in a research note on Monday, December 4th. Berenberg Bank reaffirmed a “hold” rating and set a GBX 26 ($0.35) price target on shares of Pendragon in a research report on Monday, December 4th. Liberum Capital reaffirmed a “hold” rating and set a GBX 26 ($0.35) price target on shares of Pendragon in a research report on Monday, December 4th. Jefferies Group lowered shares of Pendragon to a “hold” rating and decreased their target price for the company from GBX 55 ($0.74) to GBX 25 ($0.33) in a report on Friday, November 10th. Finally, Numis Securities reaffirmed a “hold” rating and set a GBX 25 ($0.33) price target on shares of Pendragon in a report on Tuesday, October 24th.

Pendragon (LON PDG) opened at GBX 28.50 ($0.38) on Tuesday. The firm has a market cap of $406.10 and a price-to-earnings ratio of 712.50. Pendragon has a 12-month low of GBX 20.69 ($0.28) and a 12-month high of GBX 39.25 ($0.52).

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

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