Pinewood Technologies Group (LON:PINE) Trading Up 23.4% – Should You Buy?

Shares of Pinewood Technologies Group PLC (LON:PINE) rose 23.4% on Friday . The company traded as high as GBX 495 and last traded at GBX 475.89. Approximately 2,901,054 shares changed hands during trading, an increase of 131% from the average daily volume of 1,255,414 shares. The stock had previously closed at GBX 385.50.

Wall Street Analyst Weigh In

Separately, Berenberg Bank increased their target price on shares of Pinewood Technologies Group from GBX 700 to GBX 725 and gave the company a “buy” rating in a research report on Thursday, November 6th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Pinewood Technologies Group has a consensus rating of “Buy” and an average target price of GBX 725.

Pinewood Technologies Group Stock Up 23.5%

The firm has a market capitalization of £544.92 million, a price-to-earnings ratio of 7.63 and a beta of 0.56. The company has a fifty day moving average price of GBX 357.75 and a two-hundred day moving average price of GBX 420.74.

Insider Buying and Selling

In other Pinewood Technologies Group news, insider William Berman bought 13,921 shares of Pinewood Technologies Group stock in a transaction dated Monday, December 1st. The stock was acquired at an average cost of GBX 357 per share, with a total value of £49,697.97. Corporate insiders own 47.43% of the company’s stock.

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.