Pinewood Technologies Group PLC (LON:PINE – Get Free Report)’s share price was down 31.8% during trading on Monday . The company traded as low as GBX 297 and last traded at GBX 297.86. Approximately 7,124,563 shares were traded during trading, an increase of 287% from the average daily volume of 1,839,134 shares. The stock had previously closed at GBX 436.50.
Key Headlines Impacting Pinewood Technologies Group
Here are the key news stories impacting Pinewood Technologies Group this week:
- Positive Sentiment: Management reiterates confidence in Pinewood’s long‑term prospects despite the aborted offer — a messaging attempt to stabilize investor sentiment. Pinewood still confident in future despite Apax pulling offer
- Neutral Sentiment: Apax publicly states it is not making a bid for Pinewood.AI, clarifying there is no active approach — confirmation that removes takeover speculation but provides little constructive near‑term catalyst. No bid for DMS firm Pinewood.AI coming, says private equity firm Apax
- Neutral Sentiment: Reports detail Apax abandoning a proposed deal valued at roughly $763m for Pinewood.AI — factual context on the size of the lost potential transaction. Apax Partners Abandons $763 Million Bid for Pinewood.AI
- Negative Sentiment: Market reaction: multiple outlets report a roughly 30% one‑day share drop as investors price out the takeover premium and re‑assess near‑term outlook. This sharp decline increases downside risk and may attract short‑term volatility. Pinewood shares nosedive 30% as Apax Partners withdraws bid
- Negative Sentiment: Analyst/market commentary highlights the steep drop (reported ~31.4% in some pieces) and raises the question of whether shareholders should sell — signalling bearish sentiment and potential follow‑on selling pressure. Pinewood Technologies Group (LON:PINE) Stock Price Down 31.4% – Should You Sell?
Analysts Set New Price Targets
Separately, Berenberg Bank lifted their target price on Pinewood Technologies Group from GBX 700 to GBX 725 and gave the company a “buy” rating in a research report on Thursday, November 6th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, Pinewood Technologies Group has a consensus rating of “Buy” and a consensus price target of GBX 725.
Pinewood Technologies Group Stock Performance
The company has a market cap of £340.99 million, a price-to-earnings ratio of 4.77 and a beta of 0.56. The company has a fifty day moving average of GBX 381.73 and a two-hundred day moving average of GBX 417.96.
Insider Buying and Selling 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 that occurred on Monday, December 1st. The shares were acquired at an average cost 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.
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