Pendragon (PDG) Earns “Hold” Rating from Numis Securities

Pendragon (LON:PDG)‘s stock had its “hold” rating reaffirmed by Numis Securities in a research note issued on Monday. They currently have a GBX 25 ($0.35) price target on the stock. Numis Securities’ price objective suggests a potential downside of 0.99% from the company’s previous close.

A number of other analysts also recently issued reports on the company. Liberum Capital reissued an “under review” rating on shares of Pendragon in a research report on Monday, October 23rd. JPMorgan Chase & Co. initiated coverage on Pendragon in a research report on Friday, December 1st. They issued an “underweight” rating and a GBX 17 ($0.23) target price for the company. Jefferies Group downgraded Pendragon to a “hold” rating and decreased their target price for the stock from GBX 55 ($0.76) to GBX 25 ($0.35) in a research report on Friday, November 10th. Berenberg Bank reissued a “hold” rating and issued a GBX 26 ($0.36) target price on shares of Pendragon in a research report on Monday, December 4th. Finally, Canaccord Genuity reiterated a “hold” rating and issued a GBX 26 ($0.36) price target on shares of Pendragon in a research report on Monday, December 4th. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. Pendragon has a consensus rating of “Hold” and a consensus target price of GBX 24.17 ($0.33).

Shares of Pendragon (PDG) opened at GBX 25.25 ($0.35) on Monday. Pendragon has a 52-week low of GBX 20.03 ($0.28) and a 52-week high of GBX 39.25 ($0.54). The stock has a market capitalization of $356.02 and a price-to-earnings ratio of 631.25.

Pendragon (LON:PDG) last released its earnings results 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 18.25% and a net margin of 1.46%. The business had revenue of GBX 473.91 billion during the quarter.

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Pendragon Company Profile

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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