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Berenberg Bank Forecasts Strong Price Appreciation for Pinewood Technologies Group (LON:PINE) Stock

Pinewood Technologies Group logo with Consumer Cyclical background

Key Points

  • Berenberg Bank has raised its target price for Pinewood Technologies Group (LON:PINE) from GBX 590 to GBX 700, indicating a potential upside of 48.94% from its previous close.
  • Pinewood Technologies Group’s shares are currently down 11.2%, with a twelve month low of GBX 284.50 and a high of GBX 575.
  • Insiders have recently purchased a total of 18,612 shares in Pinewood Technologies Group, indicating confidence among company stakeholders.
  • MarketBeat previews top five stocks to own in October.

Pinewood Technologies Group (LON:PINE - Get Free Report) had its target price hoisted by research analysts at Berenberg Bank from GBX 590 to GBX 700 in a report issued on Wednesday,London Stock Exchange reports. The firm currently has a "buy" rating on the stock. Berenberg Bank's price target indicates a potential upside of 48.94% from the company's previous close.

Pinewood Technologies Group Stock Down 11.2%

Shares of PINE opened at GBX 470 on Wednesday. Pinewood Technologies Group has a twelve month low of GBX 284.50 and a twelve month high of GBX 575. The company has a market capitalization of £538.05 million, a P/E ratio of 753.21 and a beta of 0.56. The firm has a 50 day moving average of GBX 515.95 and a 200 day moving average of GBX 427.84.

Pinewood Technologies Group (LON:PINE - Get Free Report) last issued its earnings results on Wednesday, September 24th. The company reported GBX (0.70) EPS for the quarter. Pinewood Technologies Group had a net margin of 167.76% and a return on equity of 11.83%. On average, sell-side analysts expect that Pinewood Technologies Group will post 9.8256735 EPS for the current year.

Insider Activity

In related news, insider Oliver Mann acquired 10,023 shares of the firm's stock in a transaction dated Monday, July 7th. The stock was purchased at an average cost of GBX 460 per share, with a total value of £46,105.80. Also, insider Dietmar Exler acquired 1,050 shares of the stock in a transaction that occurred on Friday, July 25th. The shares were bought at an average price of GBX 512 per share, for a total transaction of £5,376. Insiders have acquired a total of 18,612 shares of company stock worth $8,653,964 in the last 90 days. Company insiders own 47.42% of the company's stock.

Pinewood Technologies Group Company Profile

(Get Free Report)

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.

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