Pendragon (LON:PDG) Given New GBX 26 Price Target at JPMorgan Chase & Co.

Pendragon (LON:PDG) had its target price upped by JPMorgan Chase & Co. from GBX 21 ($0.27) to GBX 26 ($0.34) in a research report released on Thursday, March 21st, ThisIsMoney.Co.Uk reports. The firm currently has a neutral rating on the stock.

Several other analysts have also issued reports on the stock. Liberum Capital reiterated a hold rating on shares of Pendragon in a research report on Tuesday, March 12th. Berenberg Bank lifted their target price on shares of Pendragon from GBX 26 ($0.34) to GBX 28 ($0.37) and gave the company a hold rating in a research report on Tuesday, March 12th. Five investment analysts have rated the stock with a hold rating, Pendragon has a consensus rating of Hold and an average target price of GBX 26.67 ($0.35).

Shares of LON:PDG traded up GBX 0.10 ($0.00) during midday trading on Thursday, reaching GBX 26.10 ($0.34). The company’s stock had a trading volume of 417,625 shares, compared to its average volume of 3,070,000. The firm has a market capitalization of $361.91 million and a P/E ratio of -7.25. The company has a debt-to-equity ratio of 51.79, a current ratio of 0.96 and a quick ratio of 0.13. Pendragon has a twelve month low of GBX 20.65 ($0.27) and a twelve month high of GBX 30.85 ($0.40).

The company also recently announced a dividend, which will be paid on Thursday, May 30th. Shareholders of record on Thursday, April 18th will be paid a dividend of GBX 0.70 ($0.01) per share. This represents a yield of 2.67%. The ex-dividend date is Thursday, April 18th. Pendragon’s dividend payout ratio (DPR) is presently -0.28%.

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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Analyst Recommendations for Pendragon (LON:PDG)

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