Pinewood Technologies Group PLC (LON:PINE – Get Free Report) shares were up 1.3% during trading on Friday . The company traded as high as GBX 308.50 and last traded at GBX 303. 735,976 shares changed hands during trading, a decline of 82% from the average session volume of 4,019,724 shares. The stock had previously closed at GBX 299.
Wall Street Analysts Forecast Growth
Several equities research analysts have weighed in on the company. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 500 price objective on shares of Pinewood Technologies Group in a report on Friday, June 26th. Berenberg Bank reissued a “buy” rating and set a GBX 670 target price on shares of Pinewood Technologies Group in a research note on Wednesday, May 6th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of GBX 585.
View Our Latest Report on PINE
Pinewood Technologies Group Stock Performance
Pinewood Technologies Group (LON:PINE – Get Free Report) last announced its earnings results on Wednesday, April 22nd. The company reported GBX 48 earnings per share for the quarter. Pinewood Technologies Group had a net margin of 124.20% and a return on equity of 35.39%. The firm had revenue of GBX 4,050 million for the quarter. Analysts expect that Pinewood Technologies Group PLC will post 9.8256735 earnings per share for the current year.
Pinewood Technologies Group Company Profile
1981 ā 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.
1980sā1990s ā 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.
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