Berenberg Bank reissued their buy rating on shares of Pinewood Technologies Group (LON:PINE - Free Report) in a research report released on Tuesday, MarketBeat.com reports. They currently have a GBX 590 ($7.61) target price on the stock.
Pinewood Technologies Group Stock Down 6.9 %
LON:PINE traded down GBX 22.50 ($0.29) during trading hours on Tuesday, reaching GBX 303.50 ($3.91). 436,717 shares of the stock were exchanged, compared to its average volume of 275,346. The company has a market capitalization of £252.61 million, a price-to-earnings ratio of 5.55 and a beta of 0.56. The business has a 50-day moving average of GBX 340.23 and a two-hundred day moving average of GBX 338.17. Pinewood Technologies Group has a twelve month low of GBX 280.50 ($3.62) and a twelve month high of GBX 814 ($10.50).
Pinewood Technologies Group (LON:PINE - Get Free Report) last announced its earnings results on Tuesday, April 1st. The company reported GBX 15.25 ($0.20) earnings per share for the quarter. Pinewood Technologies Group had a net margin of 167.76% and a return on equity of 11.83%. On average, research analysts forecast that Pinewood Technologies Group will post 9.8256735 EPS for the current fiscal year.
Insiders Place Their Bets
In other Pinewood Technologies Group news, insider Dietmar Exler purchased 1,500 shares of the business's stock in a transaction on Monday, January 27th. The shares were bought at an average cost of GBX 342 ($4.41) per share, for a total transaction of £5,130 ($6,615.09). Also, insider Brian Small acquired 6,349 shares of the stock in a transaction dated Tuesday, February 25th. The shares were acquired at an average cost of GBX 315 ($4.06) per share, with a total value of £19,999.35 ($25,788.97). 30.44% of the stock is owned by company insiders.
Pinewood Technologies Group Company Profile
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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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