Pinewood Technologies Group (LON:PINE) Earns Buy Rating from Berenberg Bank

Berenberg Bank reissued their buy rating on shares of Pinewood Technologies Group (LON:PINE - Free Report) in a research report sent to investors on Tuesday morning, Marketbeat.com reports. They currently have a GBX 590 ($7.73) price objective on the stock.

Pinewood Technologies Group Trading Down 6.6 %

Shares of PINE traded down GBX 21.50 ($0.28) during mid-day trading on Tuesday, hitting GBX 304.50 ($3.99). 388,288 shares of the company's stock were exchanged, compared to its average volume of 274,623. Pinewood Technologies Group has a fifty-two week low of GBX 280.50 ($3.68) and a fifty-two week high of GBX 814 ($10.67). The business's 50 day moving average is GBX 341.09 and its two-hundred day moving average is GBX 338.41. The firm has a market capitalization of £253.44 million, a P/E ratio of 5.57 and a beta of 0.56.

Pinewood Technologies Group (LON:PINE - Get Free Report) last announced its quarterly earnings results on Tuesday, April 1st. The company reported GBX 15.25 ($0.20) earnings per share (EPS) for the quarter. Pinewood Technologies Group had a net margin of 167.76% and a return on equity of 11.83%. On average, equities research analysts forecast that Pinewood Technologies Group will post 9.8256735 earnings per share for the current year.

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Insiders Place Their Bets

In other news, insider Dietmar Exler bought 1,500 shares of Pinewood Technologies Group stock in a transaction on Monday, January 27th. The stock was purchased at an average cost of GBX 342 ($4.48) per share, with a total value of £5,130 ($6,721.70). Also, insider Brian Small purchased 6,349 shares of the company's stock in a transaction on Tuesday, February 25th. The shares were bought at an average price of GBX 315 ($4.13) per share, for a total transaction of £19,999.35 ($26,204.60). 30.44% of the stock is currently owned by insiders.

Pinewood Technologies Group Company Profile

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.