Pendragon (LON:PDG) Given Hold Rating at Berenberg Bank

Berenberg Bank restated their hold rating on shares of Pendragon (LON:PDG) in a research note released on Wednesday morning, Digital Look reports. The firm currently has a GBX 17 ($0.22) price target on the stock.

A number of other analysts also recently weighed in on PDG. Jefferies Financial Group decreased their price objective on Pendragon from GBX 25 ($0.33) to GBX 23 ($0.30) and set a hold rating for the company in a report on Wednesday, June 12th. Liberum Capital restated a sell rating and issued a GBX 10 ($0.13) price objective on shares of Pendragon in a report on Wednesday. Finally, JPMorgan Chase & Co. decreased their price objective on Pendragon from GBX 23 ($0.30) to GBX 19 ($0.25) and set a neutral rating for the company in a report on Thursday, June 13th.

Shares of LON:PDG opened at GBX 9.75 ($0.13) on Wednesday. The company has a fifty day moving average of GBX 11.13 and a 200-day moving average of GBX 19.37. The company has a market capitalization of $136.20 million and a PE ratio of -2.71. 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 10 ($0.13) and a 52-week high of GBX 28.90 ($0.38).

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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