Pinewood Technologies Group (LON:PINE) Trading Up 22.4% – Time to Buy?

by · The Cerbat Gem

Pinewood Technologies Group PLC (LON:PINE – Get Free Report)’s stock price shot up 22.4% during trading on Saturday . The company traded as high as GBX 495 and last traded at GBX 472. 4,402,359 shares traded hands during trading, an increase of 232% from the average session volume of 1,326,905 shares. The stock had previously closed at GBX 385.50.

Key Headlines Impacting Pinewood Technologies Group

Here are the key news stories impacting Pinewood Technologies Group this week:

  • Positive Sentiment: Confirmation of takeover talks with Apax implies a potential near-term takeover at about £5 per share, which represents a premium to yesterday’s market price and is the primary driver of the share price increase. Pinewood.AI Confirms Talks With Apax
  • Neutral Sentiment: Trading volume has spiked well above the average, signaling heavy investor interest and greater intra-day volatility; technicals show the stock trading between its 50-day (GBX 357.75) and 200-day (GBX 420.74) moving averages. (P/E ~7.6; 12‑month range GBX 284.5–575.)
  • Negative Sentiment: Talks are preliminary and non-binding — there is no certainty a firm offer will be made, terms could change, or talks could collapse, leaving the stock to revert to pre-news levels; any regulatory or financing hurdles could also derail a deal.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank upped their price target on Pinewood Technologies Group from GBX 700 to GBX 725 and gave the company a “buy” rating in a research report on Thursday, November 6th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of GBX 725.

View Our Latest Stock Analysis on Pinewood Technologies Group

Pinewood Technologies Group Stock Up 22.4%

The stock’s 50 day moving average is GBX 360.33 and its 200-day moving average is GBX 420.64. The company has a market cap of £540.34 million, a PE ratio of 7.56 and a beta of 0.56.

Insider Activity at Pinewood Technologies Group

In other Pinewood Technologies Group news, insider William Berman purchased 13,921 shares of the stock in a transaction that occurred on Monday, December 1st. The stock was purchased at an average price of GBX 357 per share, with a total value of £49,697.97. Insiders own 47.43% of the company’s stock.

Pinewood Technologies Group Company Profile

(Get Free Report)

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.

Please visit www.pendragonplc.com where Pendragon discloses additional information about the company, its business and its results of operations.

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