Pinewood Technologies Group (LON:PINE) Trading Up 1.3% – Still a Buy?

Pinewood Technologies Group PLC (LON:PINEGet Free Report) shares shot up 1.3% during trading on Friday . The company traded as high as GBX 308.50 and last traded at GBX 303. 735,976 shares were traded 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

Several research firms recently weighed in on PINE. Jefferies Financial Group restated a “buy” rating and set a GBX 500 price target on shares of Pinewood Technologies Group in a research report on Friday, June 26th. Berenberg Bank reiterated a “buy” rating and issued a GBX 670 price objective on shares of Pinewood Technologies Group in a report on Wednesday, May 6th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of GBX 585.

View Our Latest Stock Analysis on Pinewood Technologies Group

Pinewood Technologies Group Price Performance

The firm’s 50 day moving average is GBX 267.82 and its 200 day moving average is GBX 292.16. The firm has a market cap of Ā£348.74 million, a P/E ratio of 6.31 and a beta of 0.57.

Pinewood Technologies Group (LON:PINEGet Free Report) last announced its quarterly earnings data on Wednesday, April 22nd. The company reported GBX 48 earnings per share 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. As a group, analysts expect that Pinewood Technologies Group PLC will post 9.8256735 EPS for the current year.

Pinewood Technologies Group Company Profile

(Get Free Report)

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

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