Pinewood Technologies Group’s (PINE) Buy Rating Reaffirmed at Berenberg Bank

Pinewood Technologies Group (LON:PINE)‘s stock had its “buy” rating reissued by investment analysts at Berenberg Bank in a research note issued on Tuesday,London Stock Exchange reports. They currently have a GBX 590 ($7.62) target price on the stock. Berenberg Bank’s price target suggests a potential upside of 79.33% from the stock’s previous close.

Pinewood Technologies Group Stock Performance

Pinewood Technologies Group stock traded up GBX 4 ($0.05) during midday trading on Tuesday, reaching GBX 329 ($4.25). 198,109 shares of the company’s stock were exchanged, compared to its average volume of 275,578. The stock’s 50-day simple moving average is GBX 342.18 and its 200 day simple moving average is GBX 338.69. The firm has a market cap of £273.83 million, a price-to-earnings ratio of 6.02 and a beta of 0.56. Pinewood Technologies Group has a 52 week low of GBX 280.50 ($3.62) and a 52 week high of GBX 814 ($10.52).

Pinewood Technologies Group (LON:PINE) last released its quarterly earnings results on Tuesday, April 1st. The company reported GBX 15.25 ($0.20) earnings per share (EPS) for the quarter. Pinewood Technologies Group had a net margin of 167.76% and a return on equity of 11.83%. Research analysts forecast that Pinewood Technologies Group will post 9.8256735 earnings per share for the current year.

Insider Buying and Selling

In other Pinewood Technologies Group news, insider Dietmar Exler acquired 1,500 shares of the company’s stock in a transaction on Monday, January 27th. The stock was acquired at an average cost of GBX 342 ($4.42) per share, with a total value of £5,130 ($6,627.91). Also, insider Brian Small bought 6,349 shares of Pinewood Technologies Group stock in a transaction on Tuesday, February 25th. The stock was acquired at an average price of GBX 315 ($4.07) per share, for a total transaction of £19,999.35 ($25,838.95). 30.44% of the stock is currently owned by corporate insiders.

About Pinewood Technologies Group

Pinewood Technologies Group PLC operates as a cloud-based dealer management software provider that offers software solutions to the automotive industry in the United Kingdom and internationally. It offers end-to-end solution that empowers vehicle retailers with efficient business processes. The company was formerly known as Pendragon PLC and changed its name to Pinewood Technologies Group PLC to February 2024.