Pendragon (LON:PDG) Given “Sell” Rating at Liberum Capital

Liberum Capital reiterated their sell rating on shares of Pendragon (LON:PDG) in a research note published on Friday morning, ThisIsMoney.Co.Uk reports.

A number of other equities research analysts have also commented on the stock. Jefferies Financial Group reduced their price objective on shares of Pendragon from GBX 25 ($0.33) to GBX 23 ($0.30) and set a hold rating on the stock in a research note on Wednesday, June 12th. JPMorgan Chase & Co. reduced their price objective on shares of Pendragon from GBX 23 ($0.30) to GBX 19 ($0.25) and set a neutral rating on the stock in a research note on Thursday, June 13th.

LON:PDG opened at GBX 10.48 ($0.14) on Friday. The firm’s fifty day moving average is GBX 13.24 and its 200-day moving average is GBX 21.41. The company has a debt-to-equity ratio of 51.79, a quick ratio of 0.12 and a current ratio of 0.96. Pendragon has a 52 week low of GBX 11.20 ($0.15) and a 52 week high of GBX 28.90 ($0.38). The firm has a market cap of $146.40 million and a P/E ratio of -2.91.



In related news, insider Chris Chambers bought 500,000 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The shares were bought at an average price of GBX 18 ($0.24) per share, for a total transaction of £90,000 ($117,600.94).

About Pendragon

Pendragon PLC, together with its subsidiaries, operates as an automotive retailer company in the United Kingdom and California. It operates through US Motor, Leasing, UK Motor, and Software segments. The company sells new and used motor vehicles of various brands, such as Aston Martin, BMW, Citroen, Dacia, DAF, Ferrari, Ford, Harley-Davidson, Hyundai, Jaguar, Land Rover, Kia, Mercedes-Benz, MINI, Nissan, Peugeot, Porsche, Renault, SEAT, Smart, and Vauxhall.

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