Pinewood Technologies Group (LON:PINE) Trading Down 0.8% – What’s Next?

Shares of Pinewood Technologies Group PLC (LON:PINE) were down 0.8% during trading on Monday . The stock traded as low as GBX 425 and last traded at GBX 427. 234,238 shares traded hands during trading, a decline of 94% from the average session volume of 3,711,825 shares. The stock had previously closed at GBX 430.50.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on PINE. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 670 target price on shares of Pinewood Technologies Group in a report on Wednesday, May 6th. Jefferies Financial Group restated a “buy” rating and issued a GBX 500 price objective on shares of Pinewood Technologies Group in a research report on Friday, June 26th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of GBX 585.

Pinewood Technologies Group Stock Down 0.8%

The company has a market capitalization of £491.46 million, a PE ratio of 8.90 and a beta of 0.57. The company’s 50 day moving average is GBX 326.35 and its two-hundred day moving average is GBX 298.53.

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.