Pinewood Technologies Group PLC (LON:PINE - Get Free Report)'s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as GBX 480.50 ($6.48) and last traded at GBX 475.50 ($6.41), with a volume of 62881 shares trading hands. The stock had previously closed at GBX 472.50 ($6.37).
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank reissued a "buy" rating and issued a GBX 590 ($7.96) target price on shares of Pinewood Technologies Group in a report on Tuesday, April 1st.
View Our Latest Research Report on PINE
Pinewood Technologies Group Stock Performance
The stock's 50-day moving average price is GBX 421.35 and its 200-day moving average price is GBX 366.81. The company has a market capitalization of £400.35 million, a price-to-earnings ratio of 8.80 and a beta of 0.56.
Insiders Place Their Bets
In other news, insider Dietmar Exler acquired 1,500 shares of the business's stock in a transaction on Friday, April 25th. The shares were purchased at an average price of GBX 317 ($4.28) per share, for a total transaction of £4,755 ($6,414.41). Also, insider Oliver Mann bought 10,023 shares of the company's stock in a transaction dated Monday, July 7th. The stock was bought at an average cost of GBX 460 ($6.21) per share, with a total value of £46,105.80 ($62,195.87). In the last quarter, insiders acquired 20,512 shares of company stock worth $9,089,764. 30.44% of the stock is owned by company insiders.
About Pinewood Technologies Group
(
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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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