Pinewood Technologies Group (LON:PINE) Trading 22.7% Higher – Should You Buy?

Pinewood Technologies Group PLC (LON:PINE)’s stock price rose 22.7% on Friday . The company traded as high as GBX 495 and last traded at GBX 473. Approximately 3,275,565 shares were traded during trading, an increase of 157% from the average daily volume of 1,273,248 shares. The stock had previously closed at GBX 385.50.

Analysts Set New Price Targets

Separately, Berenberg Bank upped their price target on Pinewood Technologies Group from GBX 700 to GBX 725 and gave the stock 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.com, the company currently has a consensus rating of “Buy” and an average price target of GBX 725.

Pinewood Technologies Group Trading Up 22.4%

The firm’s fifty day simple moving average is GBX 357.75 and its 200 day simple moving average is GBX 420.74. The company has a market cap of £540.34 million, a price-to-earnings ratio of 7.56 and a beta of 0.56.

Insider Buying and Selling at Pinewood Technologies Group

In related news, insider William Berman acquired 13,921 shares of Pinewood Technologies Group stock in a transaction dated Monday, December 1st. The stock was acquired at an average price of GBX 357 per share, for a total transaction of £49,697.97. Company insiders own 47.43% 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.

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