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

Pinewood Technologies Group PLC (LON:PINE) was up 23.2% during trading on Friday . The company traded as high as GBX 495 and last traded at GBX 475. Approximately 2,532,651 shares were traded during mid-day trading, an increase of 105% from the average daily volume of 1,237,871 shares. The stock had previously closed at GBX 385.50.

Analyst Upgrades and Downgrades

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

Pinewood Technologies Group Price Performance

The firm has a market cap of £544.35 million, a P/E ratio of 7.62 and a beta of 0.56. The company’s 50-day simple moving average is GBX 357.75 and its 200 day simple moving average is GBX 420.74.

Insiders Place Their Bets

In related news, insider William Berman acquired 13,921 shares of Pinewood Technologies Group stock in a transaction on Monday, December 1st. The shares were bought at an average cost of GBX 357 per share, with a total value of £49,697.97. 47.43% of the stock is owned by insiders.

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.