Pinewood Technologies Group (LON:PINE) Shares Up 33.1% – Still a Buy?

Pinewood Technologies Group PLC (LON:PINE) shares were up 33.1% during mid-day trading on Monday . The stock traded as high as GBX 426 and last traded at GBX 419.34. Approximately 4,159,730 shares were traded during trading, an increase of 7% from the average daily volume of 3,890,237 shares. The stock had previously closed at GBX 315.

Analysts Set New Price Targets

A number of research firms have weighed in on PINE. Jefferies Financial Group restated a “buy” rating and issued a GBX 500 price target on shares of Pinewood Technologies Group in a research note on Friday, June 26th. Berenberg Bank reiterated a “buy” rating and set a GBX 670 price objective on shares of Pinewood Technologies Group in a research note on Wednesday, May 6th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of GBX 585.

Pinewood Technologies Group Stock Up 33.1%

The stock has a market cap of £482.65 million, a P/E ratio of 8.74 and a beta of 0.57. The firm has a 50 day simple moving average of GBX 271.42 and a 200-day simple moving average of GBX 290.12.

About Pinewood Technologies Group

1981 – Origins
Pinewood was founded in 1981 after a Renault dealer in London grew frustrated with the lack of suitable systems to run his business. He assembled a small team of developers to build a better solution, marking the birth of Pinewood as a classic early-1980s tech startup.

1980s–1990s – Early Innovation
The team created one of the UK’s first Sales and Dealer Management Systems (DMS), soon partnering with brands like Saab, Lloyds Bowmaker, and a growing dealer group that became Pendragon PLC.

As Pendragon expanded, it acquired Pinewood to develop a multi-brand DMS capable of supporting large-scale dealership operations.