Berenberg Bank Cuts Pinewood Technologies Group (LON:PINE) Price Target to GBX 670

Pinewood Technologies Group (LON:PINE) had its price objective trimmed by Berenberg Bank from GBX 725 to GBX 670 in a research report released on Wednesday, MarketBeat Ratings reports. The brokerage currently has a buy rating on the stock.

Pinewood Technologies Group Stock Down 1.4%

PINE stock opened at GBX 212 on Wednesday. Pinewood Technologies Group has a twelve month low of GBX 200 and a twelve month high of GBX 575. The company has a market cap of £242.70 million, a PE ratio of 3.40 and a beta of 0.22. The business’s 50-day simple moving average is GBX 330.77 and its 200 day simple moving average is GBX 368.41.

Insider Activity at Pinewood Technologies Group

In other news, insider William Berman acquired 16,035 shares of the firm’s stock in a transaction dated Thursday, February 19th. The shares were bought at an average price of GBX 310 per share, with a total value of £49,708.50. Also, insider Oliver Mann acquired 25,045 shares of the stock in a transaction dated Monday, February 16th. The shares were purchased at an average price of GBX 307 per share, for a total transaction of £76,888.15. Insiders have acquired 67,071 shares of company stock worth $20,350,501 in the last three months. Company insiders own 41.46% of the company’s stock.

About Pinewood Technologies Group

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.