Published On: Sun, Sep 11th, 2016

Pendragon PLC (PDG) Earns “Buy” Rating from Liberum Capital

Pendragon PLC (LON:PDG)‘s stock had its “buy” rating restated by research analysts at Liberum Capital in a note issued to investors on Tuesday. They presently have a GBX 50 ($0.67) target price on the stock. Liberum Capital’s price target suggests a potential upside of 50.38% from the company’s previous close.
Other research analysts also recently issued research reports about the stock. Goldman Sachs Group Inc. reaffirmed a “buy” rating and issued a GBX 55 ($0.73) target price on shares of Pendragon PLC in a report on Friday, June 17th. Jefferies Group reissued a “buy” rating and set a GBX 55 ($0.73) price objective on shares of Pendragon PLC in a report on Friday, June 17th. Finally, Berenberg Bank reissued a “buy” rating and set a GBX 52 ($0.69) price objective on shares of Pendragon PLC in a report on Monday, May 23rd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Pendragon PLC presently has an average rating of “Buy” and a consensus price target of GBX 49.40 ($0.66).
Shares of Pendragon PLC (LON:PDG) traded down 0.39% on Tuesday, reaching GBX 33.25. The company had a trading volume of 2,282,097 shares. The stock’s 50 day moving average is GBX 32.93 and its 200 day moving average is GBX 34.92. The firm’s market capitalization is GBX 482.02 million. Pendragon PLC has a 52 week low of GBX 25.52 and a 52 week high of GBX 49.00.

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The firm also recently declared a dividend, which will be paid on Tuesday, October 25th. Investors of record on Thursday, September 22nd will be issued a GBX 0.70 ($0.01) dividend. This represents a dividend yield of 2.26%. The ex-dividend date is Thursday, September 22nd.
In other Pendragon PLC news, insider Holden ,Tim purchased 40,000 shares of the stock in a transaction that occurred on Friday, June 17th. The stock was purchased at an average price of GBX 35 ($0.47) per share, with a total value of £14,000 ($18,646.78).

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