Pendragon (LON:PDG) had its target price lifted by JPMorgan Chase from GBX 17 ($0.23) to GBX 19 ($0.25) in a report issued on Thursday, May 3rd. The firm currently has an “underweight” rating on the stock. JPMorgan Chase’s target price indicates a potential downside of 29.76% from the company’s current price.
A number of other analysts have also recently commented on the company. Numis Securities reiterated a “hold” rating and set a GBX 25 ($0.34) price objective on shares of Pendragon in a research report on Monday, February 19th. Liberum Capital reiterated a “hold” rating and set a GBX 26 ($0.35) price objective on shares of Pendragon in a research report on Tuesday, February 13th. Finally, Canaccord Genuity reiterated a “hold” rating and set a GBX 26 ($0.35) price objective on shares of Pendragon in a research report on Wednesday, May 2nd. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. Pendragon has a consensus rating of “Hold” and an average price target of GBX 24.50 ($0.33).
Shares of Pendragon opened at GBX 27.05 ($0.36) on Thursday, MarketBeat Ratings reports. Pendragon has a 1 year low of GBX 20.03 ($0.27) and a 1 year high of GBX 39.25 ($0.53).
Pendragon PLC, together with its subsidiaries, operates as an automotive retailer company in the United Kingdom and California. It operates through US Motor, Leasing, UK Motor, and Software segments. The company sells new and used motor vehicles of various brands, such as Aston Martin, BMW, Citroen, Dacia, DAF, Ferrari, Ford, Harley-Davidson, Hyundai, Jaguar, Land Rover, Kia, Mercedes-Benz, MINI, Nissan, Peugeot, Porsche, Renault, SEAT, Smart, and Vauxhall.
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