Pinewood Technologies Group (LON:PINE) Sets New 52-Week High – Still a Buy?

Pinewood Technologies Group PLC (LON:PINE)’s stock price reached a new 52-week high during mid-day 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 trading hands. The stock had previously closed at GBX 343.50 ($4.36).

Wall Street Analysts Forecast Growth

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

Pinewood Technologies Group Stock Performance

The stock has a 50 day moving average of GBX 329.60 and a 200 day moving average of GBX 343.22. The stock has a market capitalization of £294.93 million, a P/E ratio of 554.03 and a beta of 0.56.

Insider Transactions at Pinewood Technologies Group

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

Pinewood Technologies Group Company Profile

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.