Pinewood Technologies Group (LON:PINE) Trading Up 23.4% – Time to Buy?

Pinewood Technologies Group PLC (LON:PINE) was up 23.4% during trading on Friday . The company traded as high as GBX 495 and last traded at GBX 475.70. Approximately 3,102,218 shares were traded during trading, an increase of 145% from the average daily volume of 1,264,993 shares. The stock had previously closed at GBX 385.50.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank boosted their price target on 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 equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of GBX 725.

Pinewood Technologies Group Trading Up 22.4%

The stock has a 50-day moving average price of GBX 357.75 and a two-hundred day moving average price of GBX 420.74. The stock has a market cap of £540.34 million, a price-to-earnings ratio of 7.56 and a beta of 0.56.

Insider Buying and Selling at Pinewood Technologies Group

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