Pendragon PLC’s (PDG) Buy Rating Reiterated at Berenberg Bank
Berenberg Bank reiterated their buy rating on shares of Pendragon PLC (LON:PDG) in a research report sent to investors on Thursday morning. Berenberg Bank currently has a GBX 46 ($0.60) price objective on the stock.
A number of other equities research analysts also recently weighed in on PDG. Canaccord Genuity restated a buy rating and set a GBX 35 ($0.46) target price on shares of Pendragon PLC in a research report on Tuesday, February 14th. Numis Securities Ltd restated a hold rating and set a GBX 37 ($0.48) target price on shares of Pendragon PLC in a research report on Tuesday, February 21st. Liberum Capital restated a buy rating and set a GBX 43 ($0.56) target price on shares of Pendragon PLC in a research report on Tuesday, February 14th. Finally, Jefferies Group LLC restated a buy rating and set a GBX 55 ($0.72) target price on shares of Pendragon PLC in a research report on Friday, May 5th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of Buy and an average price target of GBX 45.33 ($0.59).
Pendragon PLC (LON:PDG) opened at 36.25 on Thursday. The company’s market cap is GBX 518.16 million. The company’s 50-day moving average price is GBX 34.25 and its 200 day moving average price is GBX 33.30. Pendragon PLC has a 52 week low of GBX 25.10 and a 52 week high of GBX 42.47.
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In related news, insider Tim Holden sold 541,854 shares of the company’s stock in a transaction dated Monday, March 20th. The stock was sold at an average price of GBX 34 ($0.44), for a total value of £184,230.36 ($239,664.84).
About Pendragon PLC
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