Pinewood Technologies Group (LON:PINE) Trading Up 23.2% – What’s Next?

Shares of Pinewood Technologies Group PLC (LON:PINE) traded up 23.2% during trading on Friday . The stock traded as high as GBX 495 and last traded at GBX 475. 1,915,690 shares traded hands during trading, an increase of 59% from the average session volume of 1,208,492 shares. The stock had previously closed at GBX 385.50.

Analyst Ratings Changes

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

Pinewood Technologies Group Stock Performance

The firm has a 50-day moving average of GBX 357.75 and a 200-day moving average of GBX 420.74. The firm has a market capitalization of £544.35 million, a P/E ratio of 7.62 and a beta of 0.56.

Insider Activity

In other news, insider William Berman bought 13,921 shares of the business’s stock in a transaction dated Monday, December 1st. The shares were purchased at an average price of GBX 357 per share, for a total transaction of £49,697.97. Corporate insiders own 47.43% of the company’s stock.

About Pinewood Technologies Group

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.