Pinewood Technologies Group PLC (LON:PINE – Get Free Report)’s stock price fell 31.8% on Monday . The company traded as low as GBX 297 and last traded at GBX 297.86. 7,124,563 shares changed hands during trading, an increase of 287% from the average session volume of 1,839,134 shares. The stock had previously closed at GBX 436.50.
Key Pinewood Technologies Group News
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.
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank increased their target price on shares of Pinewood Technologies Group from GBX 700 to GBX 725 and gave the company a “buy” rating in a report on Thursday, November 6th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Pinewood Technologies Group presently has an average rating of “Buy” and an average target price of GBX 725.
Pinewood Technologies Group Price Performance
The firm has a market cap of £345.09 million, a price-to-earnings ratio of 4.83 and a beta of 0.56. The business’s 50-day moving average price is GBX 379.01 and its two-hundred day moving average price is GBX 415.40.
Insiders Place Their Bets
In other news, insider Jemima Bird bought 16,891 shares of the firm’s stock in a transaction dated Monday, February 16th. The stock was acquired at an average price of GBX 296 per share, for a total transaction of £49,997.36. Also, insider Brian Small acquired 6,600 shares of the firm’s stock in a transaction on Tuesday, February 17th. The shares were acquired at an average price of GBX 296 per share, with a total value of £19,536. In the last ninety days, insiders bought 64,957 shares of company stock worth $20,349,448. Corporate insiders own 47.43% of the company’s stock.
About Pinewood Technologies Group
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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