Berenberg Bank Has Lowered Expectations for Pinewood Technologies Group (LON:PINE) Stock Price

Key Points

• Berenberg Bank lowered its price target on Pinewood from GBX 725 to GBX 670 but kept a "buy" rating; the new target implies a potential 205.94% upside from the prior close.
• PINE opened at GBX 219 and was down 6.8%, trading at a P/E of 3.51 with a market cap of £250.71 million and well below its 52‑week high of GBX 575.
• Insiders have been buying recently—67,071 shares were acquired over the last quarter (including purchases by Jemima Bird and William Berman)—and insiders now own about 41.46% of the company.

Pinewood Technologies Group (LON:PINE - Get Free Report) had its price objective dropped by analysts at Berenberg Bank from GBX 725 to GBX 670 in a research report issued on Wednesday, MarketBeat Ratings reports. The firm presently has a "buy" rating on the stock. Berenberg Bank's target price would suggest a potential upside of 205.94% from the stock's previous close.

Pinewood Technologies Group Stock Down 6.8%

PINE 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. The business's fifty day simple moving average is GBX 339.05 and its 200 day simple moving average is GBX 372.77. Pinewood Technologies Group has a 52 week low of GBX 200 and a 52 week high of GBX 575.

Insiders Place Their Bets

In other Pinewood Technologies Group news, insider Jemima Bird purchased 16,891 shares of the business's stock in a transaction on Monday, February 16th. The stock was bought at an average cost of GBX 296 per share, for a total transaction of £49,997.36. Also, insider William Berman purchased 16,035 shares of the business's stock in a transaction on Thursday, February 19th. The stock was acquired at an average price of GBX 310 per share, with a total value of £49,708.50. Over the last quarter, insiders have acquired 67,071 shares of company stock valued at $20,350,501. 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.

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