Pendragon (LON:PDG) Rating Reiterated by Berenberg Bank

Posted by on Jul 22nd, 2023

Pendragon (LON:PDG – Get Free Report)‘s stock had its “buy” rating reiterated by research analysts at Berenberg Bank in a research report issued to clients and investors on Thursday, Marketbeat reports. They presently have a GBX 36 ($0.47) price target on the stock. Berenberg Bank’s price objective suggests a potential upside of 102.47% from the stock’s previous close.

Separately, Jefferies Financial Group reissued a “buy” rating and issued a GBX 28 ($0.37) target price on shares of Pendragon in a research report on Wednesday, March 22nd.

Pendragon Stock Performance

LON:PDG opened at GBX 17.78 ($0.23) on Thursday. The firm’s 50 day moving average is GBX 17.32 and its two-hundred day moving average is GBX 17.92. Pendragon has a fifty-two week low of GBX 14.85 ($0.19) and a fifty-two week high of GBX 29 ($0.38). The company has a quick ratio of 0.27, a current ratio of 0.94 and a debt-to-equity ratio of 341.78. The company has a market cap of £248.92 million, a P/E ratio of 592.67 and a beta of 0.68.

Pendragon Company Profile

(Get Free Report)

Pendragon PLC, together with its subsidiaries, operates in the automotive retail sector in the United Kingdom. The company operates through three segments: UK Motor, Software, and Leasing segments. Its UK Motor segment includes sale and servicing of vehicles in the UK; Software segment includes Licencing of Software as a Service to global automotive business users; and Leasing segment includes provision of fleet and contract hire.

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