Pinewood Technologies Group’s (PINE) “Buy” Rating Reaffirmed at Berenberg Bank

Berenberg Bank restated their buy rating on shares of Pinewood Technologies Group (LON:PINE) in a report released on Wednesday, Marketbeat Ratings reports. Berenberg Bank currently has a GBX 670 price target on the stock.

Pinewood Technologies Group Price Performance

Shares of PINE stock opened at GBX 238.50 on Wednesday. The stock has a market capitalization of £273.03 million, a PE ratio of 3.82 and a beta of 0.48. The business’s 50 day simple moving average is GBX 260.14 and its 200 day simple moving average is GBX 333.39. Pinewood Technologies Group has a one year low of GBX 200 and a one year high of GBX 575.

Pinewood Technologies Group (LON:PINE) last released its quarterly earnings results on Wednesday, April 22nd. The company reported GBX 48 earnings per share (EPS) for the quarter. The firm had revenue of GBX 4,050 million during the quarter. Pinewood Technologies Group had a net margin of 1.38% and a return on equity of 0.87%. As a group, research analysts expect that Pinewood Technologies Group will post 9.8256735 earnings per share for the current year.

Insider Buying and Selling at Pinewood Technologies Group

In other Pinewood Technologies Group news, insider Oliver Mann purchased 25,045 shares of the firm’s stock in a transaction on Monday, February 16th. The stock was purchased at an average cost of GBX 307 per share, for a total transaction of £76,888.15. Also, insider Dietmar Exler acquired 2,500 shares of the stock in a transaction dated Monday, February 16th. The stock was acquired at an average cost of GBX 295 per share, with a total value of £7,375. Insiders have purchased 67,071 shares of company stock valued at $20,350,501 over the last three months. 41.46% of the stock is currently owned by corporate insiders.

Pinewood Technologies Group Company Profile

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.