Pendragon (LON:PDG) Shares Pass Above 200-Day Moving Average of $19.05

Pendragon PLC (LON:PDG) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $19.05 and traded as high as $9.60. Pendragon shares last traded at $9.47, with a volume of 659,180 shares.

A number of research analysts have recently commented on PDG shares. Liberum Capital restated a “sell” rating and issued a GBX 10 ($0.13) price target on shares of Pendragon in a report on Wednesday, September 18th. Jefferies Financial Group cut their price target on shares of Pendragon from GBX 25 ($0.33) to GBX 23 ($0.30) and set a “hold” rating on the stock in a report on Wednesday, June 12th. Berenberg Bank restated a “hold” rating and issued a GBX 17 ($0.22) price target on shares of Pendragon in a report on Wednesday, September 18th. Finally, JPMorgan Chase & Co. cut their price target on shares of Pendragon from GBX 23 ($0.30) to GBX 19 ($0.25) and set a “neutral” rating on the stock in a report on Thursday, June 13th.

The stock’s fifty day moving average price is GBX 10.86 and its 200 day moving average price is GBX 19.05. The company has a debt-to-equity ratio of 51.79, a current ratio of 0.96 and a quick ratio of 0.12. The stock has a market capitalization of $132.29 million and a P/E ratio of -2.63.



About Pendragon (LON:PDG)

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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