Pendragon PLC (PDG) Receives Average Rating of “Hold” from Brokerages

Shares of Pendragon PLC (LON:PDG) have earned an average rating of “Hold” from the six research firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is GBX 24.17 ($0.33).

A number of research firms have issued reports on PDG. Liberum Capital reaffirmed a “hold” rating and issued a GBX 26 ($0.36) price objective on shares of Pendragon in a research note on Monday, December 4th. Canaccord Genuity reaffirmed a “hold” rating and issued a GBX 26 ($0.36) price objective on shares of Pendragon in a research note on Monday, December 4th. Numis Securities reaffirmed a “hold” rating and issued a GBX 25 ($0.35) price objective on shares of Pendragon in a research note on Monday, February 19th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a GBX 17 ($0.23) price objective on shares of Pendragon in a research note on Wednesday, February 14th. Finally, Berenberg Bank reaffirmed a “hold” rating and issued a GBX 26 ($0.36) price objective on shares of Pendragon in a research note on Monday, December 4th.

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Shares of Pendragon (LON PDG) opened at GBX 27.80 ($0.38) on Friday. Pendragon has a 12 month low of GBX 20.03 ($0.28) and a 12 month high of GBX 39.25 ($0.54). The stock has a market capitalization of $395.90 and a P/E ratio of 695.00.

Pendragon (LON:PDG) last released its quarterly earnings data on Tuesday, February 13th. The company reported GBX 3.30 ($0.05) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of GBX 3.20 ($0.04) by GBX 0.10 ($0.00). Pendragon had a return on equity of 8.08% and a net margin of 0.75%. The business had revenue of GBX 473.91 billion for the quarter.

The business also recently announced a dividend, which will be paid on Wednesday, May 23rd. Stockholders of record on Thursday, April 19th will be issued a GBX 0.80 ($0.01) dividend. This is a boost from Pendragon’s previous dividend of $0.75. The ex-dividend date is Thursday, April 19th. This represents a dividend yield of 3.1%.

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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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