Pendragon Given New $0.32 Price Target at Espirito Santo Investment Bank Research (PDG)
Equities research analysts at Espirito Santo Investment Bank Research raised their price target on shares of Pendragon (LON: PDG) from $0.24 (16 GBX) to $0.32 (21 GBX) in a research note issued to investors on Monday. The firm currently has a “neutral” rating on the stock.
Several other analysts have also recently commented on the stock. Analysts at Panmure Gordon reiterated a “sell” rating on shares of Pendragon in a research note to investors on Wednesday, February 20th. They now have a $0.23 price target on the stock, up previously from $0.23. Separately, analysts at Jefferies Group raised their price target on shares of Pendragon from $0.31 to $0.48 in a research note to investors on Tuesday, February 19th. They now have a “buy” rating on the stock. Finally, analysts at Arden Partners Ltd downgraded shares of Pendragon to an “add” rating in a research note to investors on Friday, January 25th. They now have a $0.32 price target on the stock.
Pendragon remained flat at GBX 22.75 during trading on Monday. Pendragon has a 52-week low of GBX 13.00 and a 52-week high of GBX 23.25. The stock’s 50-day moving average is currently GBX 14.53. The company’s market cap is £320.3 million.
Pendragon PLC is an automotive retailer with 235 worldwide franchise points. It operates in seven segments: Stratstone, which is a prestige motor car retailer with 93 franchise points, including Aston Martin, BMW, Ferrari, Honda, Jaguar, Land Rover, Lotus, Maserati, Mercedes-Benz, MINI, Porsche and Smart; Evans Halshaw, which is a motor car retailer with 125 franchise points, including Chevrolet, Citroen, Ford, Hyundai, Kia, Nissan, Peugeot, Renault and Vauxhall; Chatfields, which is a commercial vans and trucks retailer with eight franchise points, including DAF, Ford, Nissan and Renault; California, which is a prestige brands of Aston Martin, Land Rover and Jaguar with nine franchise points in Southern California; Leasing, which is a fleet leasing and contract hire solutions in the United Kingdom; Quickco, which has independent parts wholesale business, and Pinewood, which is a in-house software company that supplies dealer management systems.
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