Pinewood Technologies Group (LON:PINE) Trading Down 31.8% – What’s Next?

Pinewood Technologies Group PLC (LON:PINEGet 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:

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.

View Our Latest Stock Analysis on PINE

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

(Get Free Report)

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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