Pinewood Technologies Group PLC (LON:PINE - Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 504.67 ($6.78) and last traded at GBX 497.50 ($6.69), with a volume of 29189 shares. The stock had previously closed at GBX 497.50 ($6.69).
Analyst Upgrades and Downgrades
Separately, Berenberg Bank reaffirmed a "buy" rating and issued a GBX 590 ($7.93) price target on shares of Pinewood Technologies Group in a report on Tuesday, April 1st.
View Our Latest Report on PINE
Pinewood Technologies Group Stock Down 2.9%
The company's 50 day moving average price is GBX 442.83 and its 200 day moving average price is GBX 376.77. The firm has a market capitalization of £401.59 million, a price-to-earnings ratio of 8.82 and a beta of 0.56.
Insider Buying and Selling at Pinewood Technologies Group
In related news, insider Oliver Mann acquired 6,539 shares of the stock in a transaction dated Monday, July 7th. The stock was acquired at an average cost of GBX 456 ($6.13) per share, for a total transaction of £29,817.84 ($40,066.97). Also, insider Dietmar Exler acquired 1,050 shares of the stock in a transaction dated Friday, July 25th. The shares were bought at an average price of GBX 512 ($6.88) per share, with a total value of £5,376 ($7,223.86). Insiders have bought 20,062 shares of company stock valued at $9,151,864 over the last quarter. Insiders own 30.44% of the company's stock.
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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