Pinewood Technologies Group (LON:PINE) Trading Up 0.1% - Still a Buy?

Key Points

• Pinewood Technologies Group's shares increased by 0.1%, with the stock last trading at GBX 388.50 ($5.22), reflecting a notable trading volume decline of 48% from its average session.
• Berenberg Bank upgraded the company's target price from GBX 590 to GBX 700 and reiterated a "buy" rating, contributing to a consensus rating of "Buy" among analysts.
• Insider activity showed confidence, with Dietmar Exler purchasing 1,150 shares at an average cost of GBX 445, totaling £5,117.50, amidst a broader trend of insider buying over the last three months.

Pinewood Technologies Group PLC (LON:PINE - Get Free Report) shares shot up 0.1% during mid-day trading on Thursday . The company traded as high as GBX 394 ($5.30) and last traded at GBX 388.50 ($5.22). 145,284 shares changed hands during mid-day trading, a decline of 48% from the average session volume of 277,005 shares. The stock had previously closed at GBX 388 ($5.22).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank boosted their target price on shares of Pinewood Technologies Group from GBX 590 to GBX 700 and gave the company a "buy" rating in a report on Wednesday, September 24th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of GBX 700.

Pinewood Technologies Group Stock Performance

The stock has a 50-day moving average of GBX 486.29 and a two-hundred day moving average of GBX 435.38. The company has a market cap of £444.75 million, a P/E ratio of 622.60 and a beta of 0.56.

Pinewood Technologies Group (LON:PINE - Get Free Report) last released its 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%. Research analysts predict that Pinewood Technologies Group PLC will post 9.8256735 EPS for the current year.

Insiders Place Their Bets

In other news, insider Dietmar Exler bought 1,150 shares of the firm's stock in a transaction on Thursday, September 25th. The stock was acquired at an average cost of GBX 445 per share, with a total value of £5,117.50. In the last three months, insiders have bought 3,200 shares of company stock worth $1,573,350. 47.42% of the stock is currently owned by company insiders.

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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