Pinewood Technologies Group (LON:PINE) Shares Up 22.4% – Time to Buy?
by Tristan Rich · The Markets DailyPinewood Technologies Group PLC (LON:PINE – Get Free Report)’s stock price was up 22.4% during mid-day trading on Friday . The stock traded as high as GBX 495 and last traded at GBX 472. Approximately 4,402,359 shares changed hands during mid-day trading, an increase of 232% from the average daily volume of 1,326,905 shares. The stock had previously closed at GBX 385.50.
Analyst Upgrades and Downgrades
Separately, Berenberg Bank boosted their target price on shares of Pinewood Technologies Group from GBX 700 to GBX 725 and gave the company a “buy” rating in a report on Thursday, November 6th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, Pinewood Technologies Group currently has a consensus rating of “Buy” and an average price target of GBX 725.
View Our Latest Analysis on Pinewood Technologies Group
Pinewood Technologies Group Stock Performance
The firm has a market cap of £540.34 million, a P/E ratio of 7.56 and a beta of 0.56. The business’s 50-day simple moving average is GBX 357.75 and its 200 day simple moving average is GBX 420.74.
Insider Activity
In related news, insider William Berman acquired 13,921 shares of Pinewood Technologies Group stock in a transaction dated Monday, December 1st. The stock was purchased at an average cost of GBX 357 per share, for a total transaction of £49,697.97. 47.43% of the stock is currently owned by corporate insiders.
Pinewood Technologies Group Company Profile
Pendragon PLC is one of the UK’s leading automotive retailers with over 120 locations selling new and used vehicles alongside expert aftercare services.
Operating in the UK under the brands of Evans Halshaw, Stratstone and CarStore the Group also has additional businesses including Pinewood for dealership management systems, Pendragon Vehicle Management for fleet and leasing and Quickco for wholesale vehicle parts.
Please visit www.pendragonplc.com where Pendragon discloses additional information about the company, its business and its results of operations.