Shares of Pinewood Technologies Group PLC (LON:PINE – Get Free Report) rose 1.3% during mid-day trading on Friday . The company traded as high as GBX 308.50 and last traded at GBX 303. 735,976 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 4,019,724 shares. The stock had previously closed at GBX 299.
Analysts Set New Price Targets
A number of analysts recently issued reports on PINE shares. Berenberg Bank reissued a “buy” rating and set a GBX 670 price target on shares of Pinewood Technologies Group in a report on Wednesday, May 6th. 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. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of GBX 585.
Get Our Latest Stock Analysis on PINE
Pinewood Technologies Group Trading Up 1.3%
Pinewood Technologies Group (LON:PINE – Get Free Report) last announced its quarterly earnings results on Wednesday, April 22nd. The company reported GBX 48 earnings per share (EPS) for the quarter. The business had revenue of GBX 4,050 million for the quarter. Pinewood Technologies Group had a return on equity of 35.39% and a net margin of 124.20%. Research analysts anticipate that Pinewood Technologies Group PLC will post 9.8256735 earnings per share for the current fiscal year.
Pinewood Technologies Group Company Profile
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.
Further Reading
- Five stocks we like better than Pinewood Technologies Group
- Why Wall Street Suddenly Sees SpaceX as an AI Company
- Netflix May Be Cheap Enough to Tempt Buyers After Earnings Drop
- Delta vs. United: Which Airline Is Better Built for Higher Fuel Costs?
- The Market Sold Alcoa After Earnings—But It May Be Missing the Real Story
Receive News & Ratings for Pinewood Technologies Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pinewood Technologies Group and related companies with MarketBeat.com's FREE daily email newsletter.
