Pinewood Technologies Group (LON:PINE) Trading Up 23.4% – Time to Buy?

Pinewood Technologies Group PLC (LON:PINE)’s stock price traded up 23.4% on Friday . The company traded as high as GBX 495 and last traded at GBX 475.73. 1,535,574 shares changed hands during trading, an increase of 29% from the average session volume of 1,187,739 shares. The stock had previously closed at GBX 385.50.

Key Stories Impacting Pinewood Technologies Group

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.

Analysts Set New Price Targets

Separately, Berenberg Bank upped their price target on shares of Pinewood Technologies Group from GBX 700 to GBX 725 and gave the company a “buy” rating in a report on Thursday, November 6th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Pinewood Technologies Group currently has an average rating of “Buy” and an average price target of GBX 725.

Pinewood Technologies Group Stock Performance

The stock has a market capitalization of £540.34 million, a P/E 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 two-hundred day moving average price of GBX 420.18.

Insiders Place Their Bets

In related news, insider William Berman acquired 13,921 shares of Pinewood Technologies Group stock in a transaction on Monday, December 1st. The shares were acquired at an average cost of GBX 357 per share, with a total value of £49,697.97. 47.43% of the stock is currently owned by company insiders.

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.