Pinewood Technologies Group (LON:PINE) Trading Up 23.4% – Should You Buy?

Pinewood Technologies Group PLC (LON:PINE) was up 23.4% during mid-day trading on Friday . The stock traded as high as GBX 495 and last traded at GBX 475.89. Approximately 2,901,054 shares changed hands during mid-day trading, an increase of 131% from the average daily volume of 1,255,414 shares. The stock had previously closed at GBX 385.50.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank upped their price target on Pinewood Technologies Group from GBX 700 to GBX 725 and gave the stock 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, the stock currently has an average rating of “Buy” and a consensus price target of GBX 725.

Pinewood Technologies Group Stock Performance

The company’s 50-day moving average price is GBX 357.75 and its 200-day moving average price is GBX 420.74. The firm has a market capitalization of £544.92 million, a PE ratio of 7.63 and a beta of 0.56.

Insider Activity

In other Pinewood Technologies Group news, insider William Berman acquired 13,921 shares of the company’s stock in a transaction dated Monday, December 1st. The shares were acquired at an average price of GBX 357 per share, for a total transaction of £49,697.97. Corporate 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.