# Pendragon PLC 51.9% potential upside indicated by Berenberg Bank

- Link: https://www.directorstalkinterviews.com/pendragon-plc-51.9-potential-upside-indicated-by-berenberg-bank/4121127514
- Published: 2023-09-19T14:19:13+01:00
- Author: Charlotte Edwards

**Pendragon PLC** with ticker (LON:PDG) now has a potential upside of 51.9% according
to Berenberg Bank.
Berenberg Bank set a target price of 36 GBX for the company, 
which when compared to the Pendragon PLC share price of 24 GBX at opening today (
19/09/2023) indicates a potential upside of 51.9%. Trading has ranged between 15(
52 week low) and 29 (52 week high) with an average of 1,994,583 shares exchanging
hands daily. The market capitalisation at the time of writing is £331,075,738.Pendragon
PLC is a United Kingdom-based automotive online retailer. The Company is engaged
in offering new and used vehicles as well as providing aftercare services. The Company
operates through three segments: UK Motor, Software and Leasing. Its UK Motor segment
is engaged in the sale and servicing of vehicles in the United Kingdom. Its Software
segment is engaged in licensing software as a service to global automotive business
users. Its Leasing segment is engaged in providing fleet and contract hire services,
and supplies used vehicles. It operates over 160 sites across the United Kingdom
under the brands of Evans Halshaw, Stratstone, CarStore, Pinewood, Quickco and Pendragon
Vehicle Management. The Company’s subsidiaries include Bramall Quicks Dealerships
Limited, Stratstone.com Limited, G.E. Harper Limited, Bramall Quicks Limited, Suresell
Limited, Godfrey Davis (Trust) Limited and Car Store Limited.

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