Pinewood Technologies Group (LON:PINE) Trading 23.2% Higher – Time to Buy?

Pinewood Technologies Group PLC (LON:PINE)’s share price shot up 23.2% during trading on Friday . The company traded as high as GBX 495 and last traded at GBX 475. 2,532,651 shares were traded during mid-day trading, an increase of 105% from the average session volume of 1,237,871 shares. The stock had previously closed at GBX 385.50.

Pinewood Technologies Group News Roundup

Here are the key news stories impacting Pinewood Technologies Group this week:

• Positive Sentiment: Confirmation of takeover talks with Apax implies a potential near-term takeover at about £5 per share, which represents a premium to yesterday’s market price and is the primary driver of the share price increase. Pinewood.AI Confirms Talks With Apax
• Neutral Sentiment: Trading volume has spiked well above the average, signaling heavy investor interest and greater intra-day volatility; technicals show the stock trading between its 50-day (GBX 357.75) and 200-day (GBX 420.74) moving averages. (P/E ~7.6; 12‑month range GBX 284.5–575.)
• Negative Sentiment: Talks are preliminary and non-binding — there is no certainty a firm offer will be made, terms could change, or talks could collapse, leaving the stock to revert to pre-news levels; any regulatory or financing hurdles could also derail a deal.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank lifted their price objective on Pinewood Technologies Group from GBX 700 to GBX 725 and gave the stock a “buy” rating in a report on Thursday, November 6th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of GBX 725.

Pinewood Technologies Group Trading Up 22.4%

The stock has a market capitalization of £540.34 million, a PE ratio of 7.56 and a beta of 0.56. The stock has a 50 day moving average price of GBX 360.33 and a 200-day moving average price of GBX 420.18.

Insider Transactions at Pinewood Technologies Group

In other news, insider William Berman purchased 13,921 shares of the business’s stock in a transaction on Monday, December 1st. The stock was acquired at an average cost of GBX 357 per share, for a total transaction of £49,697.97. 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.