Pinewood Technologies Group PLC (LON:PINE - Get Free Report) fell 12.7% during mid-day trading on Wednesday . The stock traded as low as GBX 448.95 ($6.07) and last traded at GBX 462 ($6.25). 1,698,812 shares changed hands during trading, an increase of 557% from the average session volume of 258,591 shares. The stock had previously closed at GBX 529 ($7.15).
Analyst Ratings Changes
Separately, Berenberg Bank upped their price target on shares of Pinewood Technologies Group from GBX 590 to GBX 700 and gave the stock a "buy" rating in a research report on Wednesday. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of GBX 700.
Check Out Our Latest Stock Report on PINE
Pinewood Technologies Group Stock Performance
The company has a market capitalization of £515.16 million, a price-to-earnings ratio of 721.15 and a beta of 0.56. The company has a 50-day moving average price of GBX 515.95 and a 200-day moving average price of GBX 427.84.
Pinewood Technologies Group (LON:PINE - Get Free Report) last posted its earnings results on Wednesday, September 24th. The company reported GBX (0.70) earnings per share (EPS) for the quarter. Pinewood Technologies Group had a return on equity of 11.83% and a net margin of 167.76%. As a group, sell-side analysts anticipate that Pinewood Technologies Group PLC will post 9.8256735 earnings per share for the current fiscal year.
Insider Buying and Selling
In other news, insider Dietmar Exler purchased 1,050 shares of Pinewood Technologies Group stock in a transaction on Friday, July 25th. The stock was purchased at an average price of GBX 512 per share, with a total value of £5,376. Also, insider Oliver Mann purchased 10,023 shares of Pinewood Technologies Group stock in a transaction on Monday, July 7th. The shares were purchased at an average cost of GBX 460 per share, with a total value of £46,105.80. In the last ninety days, insiders have acquired 18,612 shares of company stock valued at $8,653,964. Insiders own 47.42% of the company's stock.
About Pinewood Technologies Group
(
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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