Pinewood Technologies Group’s (PINE) Buy Rating Reiterated at Berenberg Bank

Pinewood Technologies Group (LON:PINE)‘s stock had its “buy” rating restated by investment analysts at Berenberg Bank in a report released on Wednesday,Digital Look reports. They presently have a GBX 670 target price on the stock. Berenberg Bank’s price target indicates a potential upside of 127.12% from the stock’s current price.

Pinewood Technologies Group Stock Up 5.5%

Shares of Pinewood Technologies Group stock opened at GBX 295 on Wednesday. The firm has a market cap of £337.71 million, a PE ratio of 6.15 and a beta of 0.48. Pinewood Technologies Group has a twelve month low of GBX 200 and a twelve month high of GBX 575. The business has a 50-day moving average price of GBX 246.29 and a 200 day moving average price of GBX 325.58.

Pinewood Technologies Group (LON:PINE) last posted its quarterly earnings data on Wednesday, April 22nd. The company reported GBX 48 earnings per share (EPS) for the quarter. Pinewood Technologies Group had a net margin of 124.20% and a return on equity of 35.39%. The business had revenue of GBX 4,050 million for the quarter. On average, sell-side analysts expect that Pinewood Technologies Group will post 9.8256735 EPS for the current year.

Insider Activity

In other Pinewood Technologies Group news, insider Jemima Bird purchased 16,891 shares of the stock in a transaction dated Monday, February 16th. The stock was acquired at an average cost of GBX 296 per share, for a total transaction of £49,997.36. Also, insider William Berman purchased 16,035 shares of the company’s stock in a transaction on Thursday, February 19th. The shares were bought at an average price of GBX 310 per share, with a total value of £49,708.50. In the last 90 days, insiders have acquired 67,071 shares of company stock worth $20,350,501. Insiders own 41.46% of the company’s stock.

About Pinewood Technologies Group

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.