JPMorgan Chase & Co. Reiterates Neutral Rating for Pendragon (PDG)

JPMorgan Chase & Co. restated their neutral rating on shares of Pendragon (LON:PDG) in a research note published on Wednesday morning, ThisIsMoney.Co.Uk reports.

Other equities analysts have also recently issued reports about the stock. Liberum Capital assumed coverage on shares of Pendragon in a research report on Thursday, May 2nd. They set a hold rating and a GBX 22 ($0.29) price objective on the stock. Jefferies Financial Group reissued a hold rating on shares of Pendragon in a research note on Tuesday, April 9th. Finally, 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 note on Tuesday, March 12th.

LON PDG opened at GBX 23.30 ($0.30) on Wednesday. Pendragon has a twelve month low of GBX 20.65 ($0.27) and a twelve month high of GBX 28.90 ($0.38). The company has a debt-to-equity ratio of 51.79, a quick ratio of 0.13 and a current ratio of 0.96. The company has a market cap of $323.70 million and a price-to-earnings ratio of -6.47.

The business 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 dividend yield of 2.67%. The ex-dividend date of this dividend is Thursday, April 18th. Pendragon’s dividend payout ratio (DPR) is currently -0.28%.

Pendragon Company Profile

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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