Pinewood Technologies Group (LON:PINE) Shares Up 22.4% – Time to Buy?

Pinewood Technologies Group PLC (LON:PINE) shot up 22.4% on Friday . The stock traded as high as GBX 495 and last traded at GBX 472. 4,402,359 shares changed hands during trading, an increase of 232% from the average session volume of 1,326,905 shares. The stock had previously closed at GBX 385.50.

Wall Street Analyst Weigh In

Separately, Berenberg Bank upped their price objective on Pinewood Technologies Group from GBX 700 to GBX 725 and gave the stock a “buy” rating in a report on Thursday, November 6th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of GBX 725.

Pinewood Technologies Group Stock Performance

The stock has a market cap of £540.34 million, a PE ratio of 7.56 and a beta of 0.56. The stock has a fifty day moving average price of GBX 357.75 and a 200 day moving average price of GBX 420.74.

Insider Activity

In other news, insider William Berman purchased 13,921 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The stock was purchased at an average cost of GBX 357 per share, with a total value of £49,697.97. Company insiders own 47.43% of the company’s stock.

Pinewood Technologies Group Company Profile

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.

Please visit www.pendragonplc.com where Pendragon discloses additional information about the company, its business and its results of operations.