Pinewood Technologies Group (LON:PINE) Sets New 1-Year High - Time to Buy?

Pinewood Technologies Group PLC (LON:PINE - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 480.50 ($6.53) and last traded at GBX 475.50 ($6.46), with a volume of 62881 shares changing hands. The stock had previously closed at GBX 472.50 ($6.42).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reissued a "buy" rating and set a GBX 590 ($8.02) price objective on shares of Pinewood Technologies Group in a research report on Tuesday, April 1st.

Pinewood Technologies Group Stock Performance

The stock's 50-day simple moving average is GBX 419.50 and its 200-day simple moving average is GBX 365.71. The firm has a market capitalization of £397.02 million, a PE ratio of 8.72 and a beta of 0.56.

Insider Transactions at Pinewood Technologies Group

In other news, insider Oliver Mann purchased 6,539 shares of the company's stock in a transaction that occurred on Monday, July 7th. The shares were bought at an average price of GBX 456 ($6.19) per share, for a total transaction of £29,817.84 ($40,507.87). Also, insider Dietmar Exler purchased 1,150 shares of the company's stock in a transaction that occurred on Wednesday, June 25th. The stock was purchased at an average price of GBX 450 ($6.11) per share, for a total transaction of £5,175 ($7,030.29). Insiders bought a total of 20,512 shares of company stock worth $9,089,764 over the last ninety days. Insiders own 30.44% of the company's stock.

About Pinewood Technologies Group

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.