Pendragon (PDG) Rating Reiterated by Canaccord Genuity
Pendragon (LON:PDG)‘s stock had its “hold” rating reaffirmed by equities research analysts at Canaccord Genuity in a report issued on Monday. They presently have a GBX 26 ($0.35) price objective on the stock. Canaccord Genuity’s target price points to a potential downside of 6.31% from the company’s current price.
Other equities research analysts also recently issued research reports about the stock. Berenberg Bank restated a “hold” rating and issued a GBX 26 ($0.35) price target on shares of Pendragon in a research report on Monday. Liberum Capital restated a “hold” rating and issued a GBX 26 ($0.35) price target on shares of Pendragon in a research report on Monday. Numis Securities restated a “hold” rating and issued a GBX 25 ($0.34) price target on shares of Pendragon in a research report on Tuesday, October 24th. J P Morgan Chase & Co began coverage on shares of Pendragon in a research report on Friday, December 1st. They issued an “underweight” rating and a GBX 17 ($0.23) price target for the company. Finally, Jefferies Group downgraded shares of Pendragon to a “hold” rating and reduced their price target for the company from GBX 55 ($0.74) to GBX 25 ($0.34) in a research report on Friday, November 10th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of GBX 24.17 ($0.33).
Shares of Pendragon (LON:PDG) opened at GBX 27.75 ($0.37) on Monday. Pendragon has a 12-month low of GBX 20.69 ($0.28) and a 12-month high of GBX 39.25 ($0.53).
In related news, insider Chris Chambers bought 510,000 shares of the business’s stock in a transaction on Tuesday, October 24th. The stock was bought at an average price of GBX 23 ($0.31) per share, for a total transaction of £117,300 ($157,873.49).
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