Pinewood Technologies Group (LON:PINE) Given “Buy” Rating at Berenberg Bank

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

Pinewood Technologies Group Trading Up 1.2 %

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

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

Insider Buying and Selling at Pinewood Technologies Group

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

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.