Pinewood Technologies Group PLC (LON:PINE – Get Free Report) traded down 0.8% during trading on Monday . The company traded as low as GBX 425 and last traded at GBX 427. 234,238 shares changed hands during trading, a decline of 94% from the average daily volume of 3,711,825 shares. The stock had previously closed at GBX 430.50.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on the stock. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 500 price target on shares of Pinewood Technologies Group in a research note on Friday, June 26th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 670 price target on shares of Pinewood Technologies Group in a report on Wednesday, May 6th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of GBX 585.
Check Out Our Latest Stock Analysis on Pinewood Technologies Group
Pinewood Technologies Group Stock Performance
Pinewood Technologies Group Company Profile
1981 – Origins
Pinewood was founded in 1981 after a Renault dealer in London grew frustrated with the lack of suitable systems to run his business. He assembled a small team of developers to build a better solution, marking the birth of Pinewood as a classic early-1980s tech startup.
1980s–1990s – Early Innovation
The team created one of the UK’s first Sales and Dealer Management Systems (DMS), soon partnering with brands like Saab, Lloyds Bowmaker, and a growing dealer group that became Pendragon PLC.
As Pendragon expanded, it acquired Pinewood to develop a multi-brand DMS capable of supporting large-scale dealership operations.
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