Pinewood Technologies Group (LON:PINE) Sets New 12-Month High – Here’s Why

Pinewood Technologies Group PLC (LON:PINE) shares hit a new 52-week high during trading on Monday . The company traded as high as GBX 434 ($5.51) and last traded at GBX 341 ($4.33), with a volume of 735891 shares changing hands. The stock had previously closed at GBX 343.50 ($4.36).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 455 ($5.78) price target on shares of Pinewood Technologies Group in a research report on Friday, October 25th.

Pinewood Technologies Group Stock Down 0.7 %

The firm has a market cap of £294.93 million, a price-to-earnings ratio of 554.03 and a beta of 0.56. The stock has a 50 day moving average of GBX 329.60 and a 200 day moving average of GBX 343.22.

Insider Buying and Selling

In other news, insider Dietmar Exler bought 1,500 shares of the stock in a transaction on Thursday, October 31st. The stock was acquired at an average price of GBX 336 ($4.27) per share, with a total value of £5,040 ($6,401.63). Also, insider Oliver Mann purchased 31,498 shares of Pinewood Technologies Group stock in a transaction dated Thursday, November 21st. The shares were purchased at an average price of GBX 325 ($4.13) per share, for a total transaction of £102,368.50 ($130,024.77). In the last 90 days, insiders have bought 40,212 shares of company stock worth $13,215,894. Corporate insiders own 30.44% of the company’s stock.

About Pinewood Technologies Group

Pinewood Technologies Group PLC operates as a cloud-based dealer management software provider that offers software solutions to the automotive industry in the United Kingdom and internationally. It offers end-to-end solution that empowers vehicle retailers with efficient business processes. The company was formerly known as Pendragon PLC and changed its name to Pinewood Technologies Group PLC to February 2024.