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

Berenberg Bank restated their buy rating on shares of Pinewood Technologies Group (LON:PINE) in a report released on Wednesday morning, Marketbeat Ratings reports. Berenberg Bank currently has a GBX 670 target price on the stock.

Pinewood Technologies Group Trading Up 1.9%

Shares of LON PINE opened at GBX 245 on Wednesday. The firm has a market capitalization of £280.47 million, a PE ratio of 3.93 and a beta of 0.81. Pinewood Technologies Group has a one year low of GBX 200 and a one year high of GBX 575. The business has a 50-day moving average price of GBX 252.02 and a two-hundred day moving average price of GBX 331.68.

Pinewood Technologies Group (LON:PINE) last issued its quarterly earnings data on Wednesday, April 22nd. The company reported GBX 48 earnings per share 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 will post 9.8256735 EPS for the current year.

Insider Buying and Selling at Pinewood Technologies Group

In other news, insider Dietmar Exler acquired 2,500 shares of Pinewood Technologies Group stock in a transaction that occurred on Monday, February 16th. The shares were acquired at an average price of GBX 295 per share, for a total transaction of £7,375. Also, insider Oliver Mann acquired 25,045 shares of Pinewood Technologies Group stock in a transaction that occurred on Monday, February 16th. The shares were purchased at an average price of GBX 307 per share, for a total transaction of £76,888.15. Insiders have purchased a total of 67,071 shares of company stock worth $20,350,501 over the last three months. 41.46% of the stock is owned by corporate insiders.

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.