Pendragon (LON:PDG) had its price objective lowered by JPMorgan Chase & Co. from GBX 26 ($0.34) to GBX 23 ($0.30) in a research note published on Thursday morning, Digital Look reports. The firm currently has a neutral rating on the stock.

PDG has been the topic of several other reports. Jefferies Financial Group reiterated a hold rating on shares of Pendragon in a report on Tuesday, April 9th. Liberum Capital reiterated a hold rating on shares of Pendragon in a report on Monday, January 28th. Finally, Berenberg Bank increased their price objective on shares of Pendragon from GBX 26 ($0.34) to GBX 28 ($0.37) and gave the stock a hold rating in a report on Tuesday, March 12th. Five equities research analysts have rated the stock with a hold rating, The stock currently has a consensus rating of Hold and a consensus price target of GBX 25.67 ($0.34).

Shares of PDG stock opened at GBX 22.65 ($0.30) on Thursday. The stock has a market cap of $314.67 million and a PE ratio of -6.29. Pendragon has a 1-year low of GBX 20.65 ($0.27) and a 1-year high of GBX 30.85 ($0.40). 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 business also recently disclosed a dividend, which will be paid on Thursday, May 30th. Stockholders of record on Thursday, April 18th will be issued a dividend of GBX 0.70 ($0.01) per share. The ex-dividend date of this dividend is Thursday, April 18th. This represents a dividend yield of 2.67%. Pendragon’s payout ratio is currently -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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