Berenberg Bank Issues Pessimistic Forecast for Pinewood Technologies Group (LON:PINE) Stock Price

Pinewood Technologies Group (LON:PINE) had its price objective decreased by stock analysts at Berenberg Bank from GBX 725 to GBX 670 in a research note issued to investors on Wednesday, MarketBeat.com reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price target suggests a potential upside of 211.63% from the company’s current price.

Pinewood Technologies Group Stock Performance

PINE stock opened at GBX 215 on Wednesday. The stock has a market cap of £246.13 million, a P/E ratio of 3.45 and a beta of 0.22. The firm has a 50 day simple moving average of GBX 333.60 and a 200 day simple moving average of GBX 370.60. Pinewood Technologies Group has a 52 week low of GBX 200 and a 52 week high of GBX 575.

Insider Activity at Pinewood Technologies Group

In other news, insider Dietmar Exler acquired 2,500 shares of the business’s stock in a transaction that occurred on Monday, February 16th. The stock was acquired at an average cost of GBX 295 per share, for a total transaction of £7,375. Also, insider Jemima Bird acquired 16,891 shares of Pinewood Technologies Group stock in a transaction that occurred on Monday, February 16th. The shares were purchased at an average cost of GBX 296 per share, with a total value of £49,997.36. Over the last ninety days, insiders have acquired 67,071 shares of company stock worth $20,350,501. 41.46% of the stock is currently owned by company insiders.

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.