Pinewood Technologies Group (LON:PINE) Stock Rating Reaffirmed by Berenberg Bank

Pinewood Technologies Group (LON:PINE)‘s stock had its “buy” rating restated by analysts at Berenberg Bank in a research note issued on Friday, Digital Look reports. They currently have a GBX 455 ($5.91) price target on the stock. Berenberg Bank’s price target would indicate a potential upside of 36.02% from the company’s current price.

Pinewood Technologies Group Stock Down 1.0 %

Shares of LON PINE traded down GBX 3.50 ($0.05) during trading hours on Friday, hitting GBX 334.50 ($4.34). 150,016 shares of the stock were exchanged, compared to its average volume of 368,057. Pinewood Technologies Group has a 12 month low of GBX 280.50 ($3.64) and a 12 month high of GBX 814 ($10.57). The firm has a fifty day moving average price of GBX 335.85 and a 200-day moving average price of GBX 319.78. The company has a market cap of £289.31 million, a PE ratio of 540.32 and a beta of 0.56.

Insider Transactions at Pinewood Technologies Group

In other news, insider Nikki Flanders purchased 5,714 shares of the company’s stock in a transaction on Thursday, October 24th. The shares were acquired at an average price of GBX 346 ($4.49) per share, for a total transaction of £19,770.44 ($25,669.23). Insiders own 30.44% of the company’s stock.

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.