Pendragon PLC (PDG) Given “Buy” Rating at Liberum Capital

Pendragon PLC (LON:PDG)‘s stock had its “buy” rating restated by analysts at Liberum Capital in a report released on Tuesday, August 1st. They currently have a GBX 43 ($0.56) target price on the stock. Liberum Capital’s price objective indicates a potential upside of 34.38% from the company’s current price.

Several other equities analysts have also commented on PDG. Berenberg Bank restated a “buy” rating and set a GBX 46 ($0.60) price target on shares of Pendragon PLC in a research report on Tuesday, April 25th. Numis Securities Ltd restated a “hold” rating and set a GBX 37 ($0.48) price target on shares of Pendragon PLC in a research report on Friday, April 28th. Finally, Jefferies Group LLC restated a “buy” rating and set a GBX 55 ($0.71) price target on shares of Pendragon PLC in a research report on Friday, May 5th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Pendragon PLC currently has an average rating of “Buy” and an average target price of GBX 43.40 ($0.56).

Pendragon PLC (LON:PDG) traded down 2.29% during mid-day trading on Tuesday, hitting GBX 32.00. 1,580,998 shares of the stock traded hands. The firm’s market cap is GBX 454.94 million. Pendragon PLC has a 1-year low of GBX 25.10 and a 1-year high of GBX 39.25. The stock has a 50-day moving average of GBX 30.90 and a 200 day moving average of GBX 33.51.

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In related news, insider Chris Chambers bought 500,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was purchased at an average price of GBX 30 ($0.39) per share, for a total transaction of £150,000 ($194,729.33). Also, insider Trevor Finn sold 3,500,000 shares of the stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of GBX 34 ($0.44), for a total transaction of £1,190,000 ($1,544,852.65).

About Pendragon PLC

Analyst Recommendations for Pendragon PLC (LON:PDG)

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