Berenberg Bank reiterated their buy rating on shares of Pinewood Technologies Group (LON:PINE - Free Report) in a report released on Friday morning, Marketbeat reports. They currently have a GBX 455 ($5.91) price objective on the stock.
Pinewood Technologies Group Stock Down 0.6 %
Shares of LON:PINE traded down GBX 2 ($0.03) during trading on Friday, hitting GBX 336 ($4.36). 2,989,779 shares of the stock traded hands, compared to its average volume of 368,170. The company has a fifty day moving average price of GBX 335.85 and a two-hundred day moving average price of GBX 319.78. Pinewood Technologies Group has a 52-week low of GBX 280.50 ($3.64) and a 52-week high of GBX 814 ($10.57). The company has a market cap of £290.61 million, a price-to-earnings ratio of 541.94 and a beta of 0.56.
Insider Activity at Pinewood Technologies Group
In related news, insider Nikki Flanders purchased 5,714 shares of Pinewood Technologies Group stock in a transaction on Thursday, October 24th. The shares were bought at an average price of GBX 346 ($4.49) per share, with a total value of £19,770.44 ($25,669.23). 30.44% of the stock is currently owned by company insiders.
About Pinewood Technologies Group
(
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Pinewood Technologies Group PLC operates as a cloud-based dealer management software provider that offers software solutions to the automotive industry in the United Kingdom and internationally. It offers end-to-end solution that empowers vehicle retailers with efficient business processes. The company was formerly known as Pendragon PLC and changed its name to Pinewood Technologies Group PLC to February 2024.
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