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

Pinewood Technologies Group PLC (LON:PINE) shot up 23.4% on Friday . The company traded as high as GBX 495 and last traded at GBX 475.70. 3,102,218 shares traded hands during mid-day trading, an increase of 145% from the average session volume of 1,264,993 shares. The stock had previously closed at GBX 385.50.

Trending Headlines about 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 increased their price target on Pinewood Technologies Group from GBX 700 to GBX 725 and gave the company a “buy” rating in a research report on Thursday, November 6th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of GBX 725.

Pinewood Technologies Group Stock Performance

The firm has a 50 day moving average price of GBX 360.33 and a two-hundred day moving average price of GBX 420.18. The company has a market cap of £540.34 million, a P/E ratio of 7.56 and a beta of 0.56.

Insiders Place Their Bets

In other Pinewood Technologies Group news, insider William Berman bought 13,921 shares of Pinewood Technologies Group stock in a transaction dated Monday, December 1st. The stock was purchased at an average price of GBX 357 per share, for a total transaction of £49,697.97. 47.43% of the stock is owned by corporate 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.