Pinewood Technologies Group (LON:PINE) Shares Up 23.4% – Still a Buy?

Pinewood Technologies Group PLC (LON:PINEGet Free Report)’s share price traded up 23.4% during trading on Friday . The stock traded as high as GBX 495 and last traded at GBX 475.73. 1,535,574 shares were traded during trading, an increase of 29% from the average session volume of 1,187,739 shares. The stock had previously closed at GBX 385.50.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank increased 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 report on Thursday, November 6th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of GBX 725.

Get Our Latest Stock Report on PINE

Pinewood Technologies Group Stock Up 23.3%

The firm has a market cap of £544.35 million, a price-to-earnings ratio of 7.62 and a beta of 0.56. The company has a 50 day moving average of GBX 357.75 and a 200 day moving average of GBX 420.74.

Insider Activity at Pinewood Technologies Group

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 bought at an average cost of GBX 357 per share, for a total transaction of £49,697.97. Company insiders own 47.43% of the company’s stock.

Pinewood Technologies Group Company Profile

(Get Free Report)

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.

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