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

Berenberg Bank restated their buy rating on shares of Pinewood Technologies Group (LON:PINE) in a research report sent to investors on Friday, Digital Look reports. They currently have a GBX 455 ($5.91) price target on the stock.

Pinewood Technologies Group Stock Down 1.3 %

Shares of PINE traded down GBX 4.50 ($0.06) during trading hours on Friday, hitting GBX 333.50 ($4.33). 150,030 shares of the company were exchanged, compared to its average volume of 368,057. The company has a market cap of £288.44 million, a price-to-earnings ratio of 540.32 and a beta of 0.56. Pinewood Technologies Group has a fifty-two week low of GBX 280.50 ($3.64) and a fifty-two week high of GBX 814 ($10.57). The firm’s fifty day moving average is GBX 335.85 and its 200 day moving average is GBX 319.78.

Insider Activity

In other Pinewood Technologies Group news, insider Nikki Flanders bought 5,714 shares of the business’s stock in a transaction dated Thursday, October 24th. The shares were purchased at an average price of GBX 346 ($4.49) per share, for a total transaction of £19,770.44 ($25,669.23). Corporate 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.