Pendragon (LON:PDG) Price Target Lowered to GBX 19 at JPMorgan Chase & Co.

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Pendragon (LON:PDG) had its target price dropped by equities researchers at JPMorgan Chase & Co. from GBX 23 ($0.30) to GBX 19 ($0.25) in a report released on Thursday, ThisIsMoney.Co.Uk reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 5.44% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Jefferies Financial Group decreased their price objective on shares of Pendragon from GBX 25 ($0.33) to GBX 23 ($0.30) and set a “hold” rating for the company in a research report on Wednesday. Liberum Capital reaffirmed a “hold” rating and set a GBX 22 ($0.29) price objective on shares of Pendragon in a research report on Wednesday. Finally, Berenberg Bank lifted 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 research report on Tuesday, March 12th.

Pendragon stock opened at GBX 18.02 ($0.24) on Thursday. The firm has a market cap of $250.07 million and a PE ratio of -5.01. Pendragon has a 12-month low of GBX 20.65 ($0.27) and a 12-month high of GBX 28.90 ($0.38). The company has a debt-to-equity ratio of 51.79, a current ratio of 0.96 and a quick ratio of 0.13.

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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