Published On: Wed, Oct 19th, 2016

Pendragon PLC (LON:PDG) Receives Buy Rating From Berenberg Analysts

Pendragon PLC (LON:PDG) had its stock rating reiterated as ‘Buy’ in a report released by analysts at Berenberg.

Berenberg today set a target price of 46 on the company’s stock. According to the analyst this now indicates there is a potential increase of 61.4% from Pendragon PLC’s current price of 28.5.


Over the last twelve months Pendragon PLC’s stock price has decreased by -27.44% from 39.28 to 28.5.

There are currently 1,449,699,000 shares in issue with a current share value of 28.5 giving Pendragon PLC a market capitalisation of 413.16M GBp .

Pendragon PLC (LON:PDG) has a 50 day moving average of 30.84 and a 200 day moving average of 33.73. The 52 week high for the share price is 49 while the 52 week low for the stock is 25.1.

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.