Pinewood Technologies Group PLC (LON:PINE – Get Free Report)’s share price traded down 32.6% during mid-day trading on Monday . The company traded as low as GBX 288.90 and last traded at GBX 294. 4,325,244 shares traded hands during trading, an increase of 147% from the average session volume of 1,751,656 shares. The stock had previously closed at GBX 436.50.
Pinewood Technologies Group News Summary
Here are the key news stories impacting Pinewood Technologies Group this week:
- Positive Sentiment: Several directors and executives bought shares on Feb 16–17, signalling management confidence and providing a potential support level after the sell‑off. Read More.
- Positive Sentiment: Non‑executive directors and the CFO publicly increased their stakes (multiple filings reported), reinforcing the insider conviction narrative. Read More.
- Neutral Sentiment: The board has issued statements that the company remains confident in its strategy and outlook despite the aborted bid — reassuring but it does not replace the lost takeover premium. Read More.
- Neutral Sentiment: Broker notes and market commentary are circulating (coverage includes Pinewood in broker tips), which can affect short‑term flows but so far reflect mixed views post‑bid. Read More.
- Negative Sentiment: Apax Partners withdrew its ~£575m bid, citing a sharp re‑rating driven by AI‑related valuation concerns; loss of that takeover premium is the primary reason for the stock’s large decline. Read More.
- Negative Sentiment: Wider AI sector volatility and investor fears about future earnings/valuations exacerbated selling pressure and scuppered the deal — analysts and press link the retreat to AI re‑rating. Read More.
Analysts Set New Price Targets
Separately, Berenberg Bank raised 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 equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of GBX 725.
Pinewood Technologies Group Stock Performance
The company has a market capitalization of £346.30 million, a PE ratio of 4.85 and a beta of 0.56. The firm’s 50-day simple moving average is GBX 379.01 and its 200 day simple moving average is GBX 415.40.
Insider Activity
In other news, insider Brian Small purchased 6,600 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The shares were acquired at an average price of GBX 296 per share, with a total value of £19,536. Also, insider William Berman purchased 13,921 shares of the stock in a transaction that occurred on Monday, December 1st. The stock was purchased at an average price of GBX 357 per share, for a total transaction of £49,697.97. Insiders have bought 64,957 shares of company stock valued at $20,349,448 in the last quarter. 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.
Recommended Stories
- Five stocks we like better than Pinewood Technologies Group
- Energy Security Is Now National Security – Positioning Is Happening Now
- When to buy gold (mathematically)
- The gold chart Wall Street is terrified of…
- The “Bomb” in America’s Basement
- Unlocked: Elon Musk’s Next Big IPO
Receive News & Ratings for Pinewood Technologies Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pinewood Technologies Group and related companies with MarketBeat.com's FREE daily email newsletter.
