Pendragon PLC (LON:PDG) Stock Hold Rating Reiterated at Liberum Capital; The Target Price Given is GBX 26.00; Shorts at Cit Group New (CIT) Raised By 1.66%

February 13, 2018 - By Lawrence Diaz

Research professionals at Liberum Capital have GBX 26.00 price target on Pendragon PLC (LON:PDG). Liberum Capital’s price target suggests a potential upside of 8.33% from the company’s stock close price. The rating was revealed to investors in a report on Tuesday, 13 February.

Cit Group New (NYSE:CIT) had an increase of 1.66% in short interest. CIT’s SI was 7.88M shares in February as released by FINRA. Its up 1.66% from 7.75 million shares previously. With 992,200 avg volume, 8 days are for Cit Group New (NYSE:CIT)’s short sellers to cover CIT’s short positions. The stock increased 0.28% or $0.14 during the last trading session, reaching $50.57. About 711,699 shares traded. CIT Group Inc. (NYSE:CIT) has risen 46.21% since February 13, 2017 and is uptrending. It has outperformed by 29.51% the S&P500.

Among 19 analysts covering CIT Group (NYSE:CIT), 8 have Buy rating, 0 Sell and 11 Hold. Therefore 42% are positive. CIT Group had 63 analyst reports since July 23, 2015 according to SRatingsIntel. Barclays Capital maintained the shares of CIT in report on Friday, July 29 with “Equal-Weight” rating. Citigroup downgraded the shares of CIT in report on Wednesday, February 3 to “Neutral” rating. The rating was maintained by Oppenheimer on Tuesday, June 6 with “Buy”. The company was maintained on Monday, September 18 by Morgan Stanley. The firm has “Outperform” rating by Oppenheimer given on Tuesday, January 5. On Tuesday, July 25 the stock rating was maintained by Oppenheimer with “Buy”. Oppenheimer maintained CIT Group Inc. (NYSE:CIT) rating on Wednesday, February 3. Oppenheimer has “Outperform” rating and $50 target. The firm has “Buy” rating given on Tuesday, October 24 by BTIG Research. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Thursday, December 21. The firm has “Hold” rating by Keefe Bruyette & Woods given on Sunday, February 4.

Investors sentiment increased to 1.01 in Q3 2017. Its up 0.67, from 0.34 in 2017Q2. It is positive, as 23 investors sold CIT Group Inc. shares while 91 reduced holdings. 43 funds opened positions while 72 raised stakes. 134.52 million shares or 7.51% less from 145.43 million shares in 2017Q2 were reported. Cap Research Investors holds 0.18% of its portfolio in CIT Group Inc. (NYSE:CIT) for 12.07M shares. Manufacturers Life Ins The accumulated 1.01M shares. Twin Mngmt has invested 0.05% in CIT Group Inc. (NYSE:CIT). 626 were reported by Huntington Financial Bank. Hahn Cap Mgmt Lc invested 1.98% of its portfolio in CIT Group Inc. (NYSE:CIT). Pnc Fincl Services Gru Inc has invested 0% in CIT Group Inc. (NYSE:CIT). M&T Bankshares, New York-based fund reported 4,769 shares. Dupont Cap Corp reported 0.07% in CIT Group Inc. (NYSE:CIT). Flaherty And Crumrine has 11.51% invested in CIT Group Inc. (NYSE:CIT). Fire Group Incorporated invested in 6,278 shares. Oakworth stated it has 283 shares. The Illinois-based Peak6 Investments Lp has invested 0.03% in CIT Group Inc. (NYSE:CIT). Guggenheim Lc stated it has 0.01% in CIT Group Inc. (NYSE:CIT). Jane Street Grp Inc Limited Liability Corp reported 0.01% in CIT Group Inc. (NYSE:CIT). Lord Abbett & Com Lc has 0.17% invested in CIT Group Inc. (NYSE:CIT) for 1.18 million shares.

CIT Group Inc. operates as the bank holding firm for CIT Bank, National Association that provides banking and related services to commercial and individual customers. The company has market cap of $6.64 billion. The firm operates through Commercial Banking, Consumer Banking, Non-Strategic Portfolios , and Corporate and Other divisions. It has a 18.1 P/E ratio. The Commercial Banking segment offers lending, leasing, and other financial and advisory services primarily to small and middle-market companies; factoring and secured financing services, as well as receivables management products to the retail supply chain; and equipment leasing and secured financing to the rail industry.

Since August 25, 2017, it had 0 buys, and 1 sale for $65,700 activity. The insider Solk Steve sold $65,700.

The stock increased 13.88% or GBX 2.9 during the last trading session, reaching GBX 23.8. About 2.10 million shares traded. Pendragon PLC (LON:PDG) has 0.00% since February 13, 2017 and is . It has underperformed by 16.70% the S&P500.

Among 6 analysts covering Pendragon PLC (LON:PDG), 0 have Buy rating, 1 Sell and 5 Hold. Therefore 0 are positive. Pendragon PLC has GBX 55 highest and GBX 17 lowest target. GBX 24.17’s average target is 1.55% above currents GBX 23.8 stock price. Pendragon PLC had 55 analyst reports since August 5, 2015 according to SRatingsIntel. The rating was maintained by Numis Securities on Wednesday, August 3 with “Add”. The stock has “Buy” rating by Liberum Capital on Wednesday, August 12. Numis Securities maintained the stock with “Hold” rating in Friday, April 28 report. The stock of Pendragon PLC (LON:PDG) has “Hold” rating given on Tuesday, February 21 by Numis Securities. The firm earned “Buy” rating on Tuesday, April 25 by Berenberg. The firm has “Buy” rating by Liberum Capital given on Monday, November 30. On Tuesday, October 27 the stock rating was maintained by Liberum Capital with “Buy”. Liberum Capital maintained Pendragon PLC (LON:PDG) on Monday, November 23 with “Buy” rating. The company was maintained on Monday, September 7 by Liberum Capital. Berenberg maintained the shares of PDG in report on Friday, August 21 with “Buy” rating.

Pendragon PLC, together with its subsidiaries, operates as an automotive retailer firm in the United Kingdom and California. The company has market cap of 337.15 million GBP. It operates through seven divisions: Stratstone, Evans Halshaw, US Motor Group, Pinewood, Leasing, Quickco, and Central. It has a 5.67 P/E ratio. The firm sells new and used motor vehicles under the Aston Martin, BMW, Ferrari, Jaguar, Land Rover, Mercedes-Benz, MINI, Morgan, Porsche, Smart, Harley-Davidson, Citroen, Dacia, Ford, Honda, Hyundai, Kia, Nissan, Peugeot, Renault, SEAT, and Vauxhall brands.

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