Pinewood Technologies Group (LON:PINE – Get Free Report) had its price target reduced by equities research analysts at Berenberg Bank from GBX 725 to GBX 670 in a research note issued on Wednesday, Marketbeat Ratings reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s target price suggests a potential upside of 205.94% from the stock’s previous close.
Pinewood Technologies Group Price Performance
Shares of PINE stock opened at GBX 219 on Wednesday. The firm has a market cap of £250.71 million, a P/E ratio of 3.51 and a beta of 0.22. Pinewood Technologies Group has a 1-year low of GBX 200 and a 1-year high of GBX 575. The firm’s 50-day simple moving average is GBX 339.05 and its 200-day simple moving average is GBX 372.77.
Insider Activity at Pinewood Technologies Group
In other news, insider Dietmar Exler acquired 2,500 shares of the company’s stock in a transaction dated Monday, February 16th. The stock was acquired at an average cost of GBX 295 per share, for a total transaction of £7,375. Also, insider Jemima Bird acquired 16,891 shares of the company’s stock in a transaction dated Monday, February 16th. The shares were purchased at an average price of GBX 296 per share, with a total value of £49,997.36. Insiders have bought a total of 67,071 shares of company stock valued at $20,350,501 over the last 90 days. 41.46% of the stock is currently owned by insiders.
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.
Further Reading
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