Liberum Capital Reiterates “Hold” Rating for Pendragon (PDG)

Pendragon (LON:PDG)‘s stock had its “hold” rating reissued by stock analysts at Liberum Capital in a research note issued to investors on Monday. They currently have a GBX 26 ($0.35) target price on the stock. Liberum Capital’s price objective would indicate a potential downside of 6.31% from the company’s previous close.

Several other analysts have also recently commented on PDG. J P Morgan Chase & Co began coverage on shares of Pendragon in a research note on Friday, December 1st. They issued an “underweight” rating and a GBX 17 ($0.23) target price for the company. Jefferies Group cut shares of Pendragon to a “hold” rating and lowered their target price for the stock from GBX 55 ($0.74) to GBX 25 ($0.34) in a research note on Friday, November 10th. Finally, Numis Securities reaffirmed a “hold” rating and issued a GBX 25 ($0.34) target price on shares of Pendragon in a research note 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. The stock presently has a consensus rating of “Hold” and an average price target of GBX 24.17 ($0.33).

Shares of Pendragon (LON PDG) opened at GBX 27.75 ($0.37) on Monday. Pendragon has a 12 month low of GBX 20.69 ($0.28) and a 12 month high of GBX 39.25 ($0.53).

In related news, insider Chris Chambers acquired 510,000 shares of the stock in a transaction dated Tuesday, October 24th. The stock was bought at an average cost of GBX 23 ($0.31) per share, with a total value of £117,300 ($157,873.49).

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