Pendragon (LON:PDG) Receives “Buy” Rating from Berenberg Bank

Pendragon (LON:PDGGet Rating)‘s stock had its “buy” rating restated by stock analysts at Berenberg Bank in a report released on Wednesday, MarketBeat reports. They currently have a GBX 36 ($0.43) price target on the stock. Berenberg Bank’s price objective points to a potential upside of 58.45% from the company’s current price.

Pendragon Price Performance

PDG opened at GBX 22.72 ($0.27) on Wednesday. Pendragon has a twelve month low of GBX 17 ($0.21) and a twelve month high of GBX 29 ($0.35). The firm has a market cap of £317.39 million and a price-to-earnings ratio of 454.40. The company has a current ratio of 0.88, a quick ratio of 0.19 and a debt-to-equity ratio of 323.58. The company has a fifty day simple moving average of GBX 22.30 and a 200 day simple moving average of GBX 23.13.

Insider Buying and Selling at Pendragon

In other news, insider William Berman sold 1,363,228 shares of Pendragon stock in a transaction dated Monday, August 15th. The stock was sold at an average price of GBX 24 ($0.29), for a total transaction of £327,174.72 ($395,329.53).

Pendragon Company Profile

(Get Rating)

Pendragon PLC, together with its subsidiaries, operates in the automotive retail sector in the United Kingdom. It operates through Franchised UK Motor, Software, Car Store, and Leasing segments. The company sells new and used motor cars, motorbikes, trucks, and vans, as well as offers associated aftersales activities of service, body repair, and parts sales.

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