Published On: Wed, Oct 19th, 2016

Berenberg Bank Indicates Potential 61.4% Increase In Shares Of Pendragon PLC


On Wednesday Berenberg Bank reiterated its broker consensus on shares of Pendragon PLC (LON:PDG) giving the company a ‘Buy’ rating.

Berenberg Bank gave shares of Pendragon PLC a price target of 46 indicating a potential increase of 61.4% from Pendragon PLC’s current price of 28.5.

LON:PDG


In the prior 12 months Pendragon PLC’s stock price has decreased by -27.44% from 39.28 to 28.5.

Pendragon PLC has 1,449,699,000 shares in issue which have a share price of 28.5 giving Pendragon PLC a market capitalisation of 413.16M GBp .

The 52 week high of Pendragon PLC’s shares is 49 whilst the 52 week low for the company’s shares is 25.1. The 50 day moving average of LON:PDG is 30.84 and the 200 day moving average is 33.73.

Pendragon PLC is a United Kingdom-based 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; California, which consists of its retail operations in California in the United States, including the sale of new and used motor cars; Leasing, which consists of its contract hire and leasing activities; Quickco, which consists of its wholesale parts distribution businesses; Pinewood, which consists of its activities as a dealer management systems provider, and Central, which represents its head office function and includes all central activities.