Pinewood Technologies Group (LON:PINE) Price Target Cut to GBX 670 by Analysts at Berenberg Bank

Pinewood Technologies Group (LON:PINE) had its target price lowered by Berenberg Bank from GBX 725 to GBX 670 in a report published on Wednesday morning, Marketbeat reports. The brokerage currently has a buy rating on the stock.

Pinewood Technologies Group Price Performance

PINE stock opened at GBX 218 on Wednesday. Pinewood Technologies Group has a 1 year low of GBX 200 and a 1 year high of GBX 575. The company has a market cap of £249.56 million, a P/E ratio of 3.49 and a beta of 0.22. The stock’s fifty day moving average price is GBX 336.36 and its 200-day moving average price is GBX 371.69.

Insiders Place Their Bets

In other news, insider Dietmar Exler bought 2,500 shares of the company’s stock in a transaction on Monday, February 16th. The shares were acquired at an average cost of GBX 295 per share, with a total value of £7,375. Also, insider Jemima Bird purchased 16,891 shares of the business’s stock in a transaction on Monday, February 16th. The shares were purchased at an average price of GBX 296 per share, with a total value of £49,997.36. In the last three months, insiders bought 67,071 shares of company stock valued at $20,350,501. 41.46% of the stock is currently owned by company insiders.

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.