Pinewood Technologies Group (LON:PINE) Receives “Buy” Rating from Berenberg Bank

Berenberg Bank restated their buy rating on shares of Pinewood Technologies Group (LON:PINE) in a research note published on Friday, Digital Look reports. Berenberg Bank currently has a GBX 455 ($5.91) price objective on the stock.

Pinewood Technologies Group Trading Down 1.0 %

Shares of LON:PINE traded down GBX 3.50 ($0.05) during trading on Friday, hitting GBX 334.50 ($4.34). 150,016 shares of the company’s stock traded hands, compared to its average volume of 368,057. The company has a 50-day moving average price of GBX 335.85 and a 200-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 £289.31 million, a price-to-earnings ratio of 540.32 and a beta of 0.56.

Insider Transactions at Pinewood Technologies Group

In related news, insider Nikki Flanders acquired 5,714 shares of the firm’s stock in a transaction dated Thursday, October 24th. The stock was bought at an average price of GBX 346 ($4.49) per share, for a total transaction of £19,770.44 ($25,669.23). 30.44% of the stock is currently owned by insiders.

About Pinewood Technologies Group

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.