Pendragon PLC (PDG) Downgraded by Jefferies Group LLC to “Hold”

Jefferies Group LLC downgraded shares of Pendragon PLC (LON:PDG) to a hold rating in a research note issued to investors on Friday. The firm currently has GBX 25 ($0.33) price objective on the stock, down from their prior price objective of GBX 55 ($0.72).

PDG has been the topic of several other reports. Liberum Capital reissued an under review rating on shares of Pendragon PLC in a research note on Monday, October 23rd. Numis Securities Ltd reaffirmed a hold rating and set a GBX 25 ($0.33) price objective on shares of Pendragon PLC in a research report on Tuesday, October 24th. Finally, Canaccord Genuity reaffirmed a hold rating and set a GBX 36 ($0.47) price objective on shares of Pendragon PLC in a research report on Tuesday, August 1st. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Pendragon PLC has a consensus rating of Hold and a consensus target price of GBX 31.60 ($0.42).

Pendragon PLC (PDG) opened at GBX 24.50 ($0.32) on Friday. Pendragon PLC has a 12 month low of GBX 20.69 ($0.27) and a 12 month high of GBX 39.25 ($0.52).

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In related news, insider Chris Chambers purchased 510,000 shares of the company’s stock in a transaction dated Tuesday, October 24th. The shares were purchased at an average cost of GBX 23 ($0.30) per share, with a total value of £117,300 ($154,281.20).

Pendragon PLC Company Profile

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