Pinewood Technologies Group (LON:PINE) Shares Up 23.4% – What’s Next?

Pinewood Technologies Group PLC (LON:PINE) shares shot up 23.4% during mid-day trading on Friday . The company traded as high as GBX 495 and last traded at GBX 475.70. 3,102,218 shares traded hands during trading, an increase of 145% from the average session volume of 1,264,993 shares. The stock had previously closed at GBX 385.50.

Wall Street Analyst Weigh In

Separately, Berenberg Bank raised their target price on shares of Pinewood Technologies Group from GBX 700 to GBX 725 and gave the company a “buy” rating in a research note on Thursday, November 6th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Pinewood Technologies Group presently has a consensus rating of “Buy” and a consensus target price of GBX 725.

Pinewood Technologies Group Stock Performance

The company’s fifty day moving average price is GBX 357.75 and its 200-day moving average price is GBX 420.74. The stock has a market cap of £540.34 million, a P/E ratio of 7.56 and a beta of 0.56.

Insider Activity at Pinewood Technologies Group

In other Pinewood Technologies Group news, insider William Berman bought 13,921 shares of the business’s stock in a transaction dated Monday, December 1st. The shares were purchased at an average price of GBX 357 per share, with a total value of £49,697.97. Corporate 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.