Pinewood Technologies Group (LON:PINE) Stock Price Down 14.9% - Time to Sell?

Key Points

• Pinewood Technologies Group's stock price fell by 14.9%, closing at GBX 450 ($6.05), following a trading volume increase of 628% compared to average sessions.
• Analysts at Berenberg Bank raised their target price for the stock from GBX 590 to GBX 700 and maintained a "buy" rating, while the overall consensus remains a "Buy" with a target of GBX 700.
• Insiders have been active in purchasing shares, acquiring a total of 18,612 shares worth approximately $8.65 million over the past three months, which indicates significant insider confidence in the company's future.

Pinewood Technologies Group PLC (LON:PINE - Get Free Report)'s share price fell 14.9% on Thursday . The company traded as low as GBX 450 ($6.05) and last traded at GBX 450 ($6.05). 1,889,184 shares changed hands during trading, an increase of 628% from the average session volume of 259,620 shares. The stock had previously closed at GBX 529 ($7.11).

Analyst Ratings Changes

Separately, Berenberg Bank upped their target price on shares of Pinewood Technologies Group from GBX 590 to GBX 700 and gave the stock a "buy" rating in a report on Wednesday. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, Pinewood Technologies Group presently has a consensus rating of "Buy" and a consensus price target of GBX 700.

Pinewood Technologies Group Trading Down 2.1%

The stock's fifty day moving average price is GBX 515 and its 200 day moving average price is GBX 428. The stock has a market cap of £504.28 million, a P/E ratio of 705.93 and a beta of 0.56.

Pinewood Technologies Group (LON:PINE - Get Free Report) last issued its quarterly earnings results on Wednesday, September 24th. The company reported GBX (0.70) EPS for the quarter. Pinewood Technologies Group had a return on equity of 11.83% and a net margin of 167.76%. On average, analysts anticipate that Pinewood Technologies Group PLC will post 9.8256735 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Oliver Mann purchased 10,023 shares of the firm's stock in a transaction dated Monday, July 7th. The shares were purchased at an average price of GBX 460 per share, with a total value of £46,105.80. Also, insider Dietmar Exler purchased 1,050 shares of the firm's stock in a transaction dated Friday, July 25th. The stock was bought at an average cost of GBX 512 per share, for a total transaction of £5,376. Insiders bought a total of 18,612 shares of company stock worth $8,653,964 in the last three months. Insiders own 47.42% 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.

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