Berenberg Bank Raises Pinewood Technologies Group (LON:PINE) Price Target to GBX 725

Pinewood Technologies Group (LON:PINE) had its target price lifted by research analysts at Berenberg Bank from GBX 700 to GBX 725 in a research note issued to investors on Thursday,London Stock Exchange reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s target price would suggest a potential upside of 101.39% from the stock’s previous close.

Pinewood Technologies Group Stock Up 0.1%

Shares of PINE traded up GBX 0.50 during mid-day trading on Thursday, reaching GBX 360. The company had a trading volume of 185,061 shares, compared to its average volume of 277,308. The stock has a market capitalization of £412.12 million, a P/E ratio of 5.77 and a beta of 0.56. Pinewood Technologies Group has a 52-week low of GBX 284.50 and a 52-week high of GBX 575. The stock has a 50 day moving average of GBX 441.91 and a two-hundred day moving average of GBX 442.37.

Pinewood Technologies Group (LON:PINE) last issued its quarterly earnings results on Wednesday, September 24th. The company reported GBX (0.70) earnings per share (EPS) for the quarter. Pinewood Technologies Group had a return on equity of 11.83% and a net margin of 167.76%. On average, sell-side analysts expect that Pinewood Technologies Group will post 9.8256735 earnings per share for the current year.

Insider Activity

In related news, insider Dietmar Exler acquired 1,150 shares of Pinewood Technologies Group stock in a transaction dated Thursday, September 25th. The shares were acquired at an average cost of GBX 445 per share, for a total transaction of £5,117.50. Corporate insiders own 47.42% of the company’s stock.

Pinewood Technologies Group Company Profile

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.