Watch the latest episode of focusIR Fireside Chats: Why Edinburgh Investment Trust Is Backing Turnaround Stocks for 2026 Growth. View here

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksPDG.L Share News (PDG)

  • There is currently no data for PDG

Friday newspaper share tips: Pendragon, Weir Group

Fri, 29th Apr 2016 11:38
(ShareCast News) - The recent drop in shares of car dealer Pendragon might be an interesting opportunity for investors, The Times´s Tempus said.It is a well-run outfit, offering a solid dividend which is well-covered by cashflow and with little debt to boot, the tipster explained.Some observers may be worried that the end is nigh for the extraordinary increase in new car sales, even the company´s boss Trevor Finn, but as long as interest rates remain low the lease-model will continue to be a winner.Furthermore, Finn stresses that the company is not that exposed to the new car market anyhow.The need to fix second-hand cars looks set to continue and the firm is opening establshments in new territories, a total of 40 new stores over the course of the next five years."Buy a few shares, Britain loves cars and for as long as interest rates remain low, the lease model looks set to be a winner," Tempus said.The upheaval in the market for oil field services as the price of crude oil saw Weir Group´s share price more than halve, with the stock being forced out of the FTSE 100 in September, but it remains a long-term hold, Tempus said.Trading at the engineering group´s oil and gas unit continued to be terrible in the first three months of the year, with a 47% like-for-like slump.Nevertheless, indications from its minerals division point to improvement and the restructued flow control arm appeared to have a more solid order book.Chief Keith Cochrane has proved adept at walking the tightrope between keeping the business slimmed down while not cutting too much into capacity, which might hurt the outfit´s ability to share in a long-term recovery.The market has responded in kind and the stock is well up from its lows reached in February."Weir Group stock is a long-term hold, if the oil market stabilises, Weir can quickly scale up in North America," Tempus concluded.

Related News

JPMorgan lifts price target on Weir Group
2 days ago

JPMorgan lifts price target on Weir Group

(Sharecast News) - JPMorgan lifted its price target on Weir Group on Wednesday to 3,800p from 3,500p and maintained its 'overweight' rating on the sto...

LONDON BROKER RATINGS: Berenberg says buy NatWest, hold Lloyds
2 days ago

LONDON BROKER RATINGS: Berenberg says buy NatWest, hold Lloyds

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and on Tuesday:

LONDON MARKET CLOSE: FTSE 100 dips as bonds struggle after Burnham win
19 Jun 2026

LONDON MARKET CLOSE: FTSE 100 dips as bonds struggle after Burnham win

(Alliance News) - The FTSE 100 ended Friday lower amid domestic political uncertainty and after the postponement of planned US-Iran deal talks in Swit...

PDG.L News

Pendragon completes NewCo2 sale to Lithia for GBP397 million
1 Feb 2024

Pendragon completes NewCo2 sale to Lithia for GBP397 million

(Alliance News) - Pendragon PLC on Thursday said that it had completed the sale of its dealership and leasing business to Lithia Motors Inc, marking t...

Pendragon says UK watchdog clears deal as Lithia pact looms
28 Dec 2023

Pendragon says UK watchdog clears deal as Lithia pact looms

(Alliance News) - Pendragon PLC on Thursday said the Financial Conduct Authority approved a change of control of the firm's finance and insurance serv...

TRADING UPDATES: Ascent wins legal ruling; Pendragon deals approved
25 Oct 2023

TRADING UPDATES: Ascent wins legal ruling; Pendragon deals approved

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

LONDON MARKET CLOSE: Stocks fall as Middle East tensions heat up
18 Oct 2023

LONDON MARKET CLOSE: Stocks fall as Middle East tensions heat up

(Alliance News) - London's FTSE 100 slumped on Wednesday, with UK inflation worries after more robust than expected data hurting investor sentiment an...

SMALL-CAP WINNERS & LOSERS: Kin & Carta accepts private equity buyout
18 Oct 2023

SMALL-CAP WINNERS & LOSERS: Kin & Carta accepts private equity buyout

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday.

Pendragon slumps as AutoNation says it won't make an offer
18 Oct 2023

Pendragon slumps as AutoNation says it won't make an offer

(Sharecast News) - Car dealership Pendragon slumped on Wednesday after US peer AutoNation said it would not be making an offer for the company.

Autonation pulls Pendragon offer amid takeover race
17 Oct 2023

Autonation pulls Pendragon offer amid takeover race

(Alliance News) - Autonation Inc on Tuesday confirmed that it does not intend to make an offer for Pendragon PLC.