Pendragon’s (PDG) “Hold” Rating Reaffirmed at Liberum Capital

Liberum Capital restated their hold rating on shares of Pendragon (LON:PDG) in a research note released on Wednesday morning, Digital Look reports. The brokerage currently has a GBX 22 ($0.29) price objective on the stock.

PDG has been the topic of a number of other reports. JPMorgan Chase & Co. reaffirmed a neutral rating on shares of Pendragon in a research report on Wednesday, May 15th. Jefferies Financial Group reissued a hold rating on shares of Pendragon in a report on Tuesday, April 9th. Finally, Berenberg Bank boosted their price objective on shares of Pendragon from GBX 26 ($0.34) to GBX 28 ($0.37) and gave the company a hold rating in a report on Tuesday, March 12th.

Shares of PDG stock opened at GBX 17.90 ($0.23) on Wednesday. The firm has a market cap of $248.68 million and a PE ratio of -4.97. The company has a debt-to-equity ratio of 51.79, a quick ratio of 0.13 and a current ratio of 0.96. Pendragon has a 12-month low of GBX 16.76 ($0.22) and a 12-month high of GBX 28.90 ($0.38).

In related news, insider Chris Chambers acquired 500,000 shares of the company’s stock in a transaction dated Thursday, June 13th. The shares were purchased at an average cost of GBX 18 ($0.24) per share, with a total value of £90,000 ($117,600.94).

Pendragon Company Profile

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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