Pendragon’s (PDG) Underweight Rating Reaffirmed at JPMorgan Chase & Co.

Pendragon’s (PDG) Underweight Rating Reaffirmed at JPMorgan Chase & Co.

JPMorgan Chase & Co. reiterated their underweight rating on shares of Pendragon (LON:PDG) in a report released on Wednesday. JPMorgan Chase & Co. currently has a GBX 17 ($0.23) target price on the stock.

Other research analysts have also issued research reports about the company. Liberum Capital reiterated a hold rating and issued a GBX 26 ($0.36) target price on shares of Pendragon in a research report on Tuesday, February 13th. Canaccord Genuity restated a hold rating and set a GBX 26 ($0.36) price objective on shares of Pendragon in a research report on Monday, December 4th. Berenberg Bank restated a hold rating and set a GBX 26 ($0.36) price objective on shares of Pendragon in a research report on Monday, December 4th. Jefferies Group lowered Pendragon to a hold rating and reduced 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, Numis Securities restated a hold rating and set a GBX 25 ($0.35) price objective on shares of Pendragon in a research report on Tuesday, October 24th. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. Pendragon has an average rating of Hold and a consensus target price of GBX 24.17 ($0.33).

Shares of Pendragon (LON:PDG) opened at GBX 25.80 ($0.36) 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 firm has a market capitalization of $363.91 and a P/E ratio of 645.00.

Pendragon (LON:PDG) last issued its earnings results on Tuesday, February 13th. The company reported GBX 3.30 ($0.05) EPS for the quarter, topping the consensus estimate of GBX 3.20 ($0.04) by GBX 0.10 ($0.00). The company had revenue of GBX 473.91 billion during the quarter. Pendragon had a return on equity of 18.25% and a net margin of 1.46%.

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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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JPMorgan Chase & Co. reaffirmed their underweight rating on shares of Pendragon (LON:PDG) in a report released on Wednesday morning. JPMorgan Chase & Co. currently has a GBX 17 ($0.23) price target on the stock.

Several other equities research analysts also recently commented on PDG. Liberum Capital reiterated an under review rating on shares of Pendragon in a report on Monday, October 23rd. Canaccord Genuity reiterated a hold rating and set a GBX 26 ($0.36) target price on shares of Pendragon in a report on Monday, December 4th. Berenberg Bank reiterated a hold rating and set a GBX 26 ($0.36) target price on shares of Pendragon in a report on Monday, December 4th. Jefferies Group downgraded Pendragon to a hold rating and dropped their target price for the company from GBX 55 ($0.76) to GBX 25 ($0.35) in a report on Friday, November 10th. Finally, Numis Securities reiterated a hold rating and set a GBX 25 ($0.35) target price on shares of Pendragon in a report on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. Pendragon currently has an average rating of Hold and an average price target of GBX 24.17 ($0.33).

Pendragon (LON:PDG) opened at GBX 25.80 ($0.36) on Wednesday. The company has a market capitalization of $363.91 and a PE ratio of 645.00. Pendragon has a twelve month low of GBX 20.03 ($0.28) and a twelve month high of GBX 39.25 ($0.54).

Pendragon (LON:PDG) last released its quarterly earnings data on Tuesday, February 13th. The company reported GBX 3.30 ($0.05) EPS for the quarter, topping analysts’ consensus estimates of GBX 3.20 ($0.04) by GBX 0.10 ($0.00). The company had revenue of GBX 473.91 billion for the quarter. Pendragon had a return on equity of 18.25% and a net margin of 1.46%.

WARNING: This piece of content was reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this piece of content on another domain, it was copied illegally and reposted in violation of US and international copyright and trademark legislation. The original version of this piece of content can be viewed at https://www.dispatchtribunal.com/2018/02/18/pendragons-pdg-underweight-rating-reaffirmed-at-jpmorgan-chase-co.html.

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)

Receive News & Ratings for Pendragon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pendragon and related companies with MarketBeat.com's FREE daily email newsletter.

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