Pendragon (PDG) Reaches New 1-Year Low at $20.50

Pendragon PLC (LON:PDG) hit a new 52-week low on Thursday . The company traded as low as GBX 20.50 ($0.29) and last traded at GBX 20.50 ($0.29), with a volume of 3919990 shares changing hands. The stock had previously closed at GBX 20.50 ($0.29).

A number of analysts have commented on PDG shares. JPMorgan Chase & Co. started coverage on shares of Pendragon in a research note on Friday, December 1st. They set an “underweight” rating and a GBX 17 ($0.24) price objective for the company. Liberum Capital reaffirmed an “under review” rating on shares of Pendragon in a research note on Monday, October 23rd. Berenberg Bank reaffirmed a “hold” rating and set a GBX 26 ($0.36) price objective on shares of Pendragon in a research note on Monday, December 4th. Canaccord Genuity reaffirmed a “hold” rating and set a GBX 26 ($0.36) price objective on shares of Pendragon in a research note on Monday, December 4th. Finally, Numis Securities reaffirmed a “hold” rating and set a GBX 25 ($0.35) price objective 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 issued a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of GBX 24.17 ($0.34).

The company has a market capitalization of $289.09 and a price-to-earnings ratio of 507.50.

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About Pendragon

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.

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