Pendragon PLC (PDG) Receives “Buy” Rating from Berenberg Bank
A number of other research firms also recently issued reports on PDG. Numis Securities Ltd restated a hold rating and set a GBX 37 ($0.48) price target on shares of Pendragon PLC in a research note on Tuesday, February 21st. Liberum Capital reaffirmed a buy rating and set a GBX 43 ($0.56) price objective on shares of Pendragon PLC in a research report on Tuesday, February 14th. Canaccord Genuity reaffirmed a buy rating and set a GBX 35 ($0.45) price objective on shares of Pendragon PLC in a research report on Tuesday, February 14th. Finally, Jefferies Group LLC reaffirmed a buy rating and set a GBX 55 ($0.71) price objective on shares of Pendragon PLC in a research report on Friday, May 5th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of Buy and an average price target of GBX 45.33 ($0.59).
Pendragon PLC (LON:PDG) remained flat at GBX 35.00 during midday trading on Thursday. 3,060,526 shares of the stock were exchanged. Pendragon PLC has a one year low of GBX 25.10 and a one year high of GBX 42.47. The company’s market capitalization is GBX 500.29 million. The company has a 50 day moving average price of GBX 34.24 and a 200 day moving average price of GBX 33.21.
In other news, insider Tim Holden sold 541,854 shares of Pendragon PLC stock in a transaction dated Monday, March 20th. The stock was sold at an average price of GBX 34 ($0.44), for a total transaction of £184,230.36 ($237,808.65).
Pendragon PLC Company Profile
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