Berenberg Bank Reiterates Buy Rating for Pinewood Technologies Group (LON:PINE)

Berenberg Bank reaffirmed their buy rating on shares of Pinewood Technologies Group (LON:PINEFree Report) in a research report report published on Friday morning, MarketBeat reports. Berenberg Bank currently has a GBX 455 ($5.90) price target on the stock.

Pinewood Technologies Group Stock Performance

PINE opened at GBX 335.50 ($4.35) on Friday. Pinewood Technologies Group has a fifty-two week low of GBX 280.50 ($3.64) and a fifty-two week high of GBX 814 ($10.56). The company has a market capitalization of £290.17 million, a P/E ratio of 541.13 and a beta of 0.56. The stock has a fifty day moving average of GBX 335.85 and a 200-day moving average of GBX 319.78.

Insider Activity at Pinewood Technologies Group

In related news, insider Nikki Flanders purchased 5,714 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The stock was acquired at an average price of GBX 346 ($4.49) per share, with a total value of £19,770.44 ($25,639.27). 30.44% of the stock is owned by insiders.

About Pinewood Technologies Group

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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.

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