Pinewood Technologies Group PLC (LON:PINE – Get Free Report)’s share price traded down 31.8% on Monday . The stock traded as low as GBX 297 and last traded at GBX 297.86. 7,124,563 shares traded hands during mid-day trading, an increase of 287% from the average session volume of 1,839,134 shares. The stock had previously closed at GBX 436.50.
More Pinewood Technologies Group News
Here are the key news stories impacting Pinewood Technologies Group this week:
- Positive Sentiment: Management reiterates confidence in Pinewood’s long‑term prospects despite the aborted offer — a messaging attempt to stabilize investor sentiment. Pinewood still confident in future despite Apax pulling offer
- Neutral Sentiment: Apax publicly states it is not making a bid for Pinewood.AI, clarifying there is no active approach — confirmation that removes takeover speculation but provides little constructive near‑term catalyst. No bid for DMS firm Pinewood.AI coming, says private equity firm Apax
- Neutral Sentiment: Reports detail Apax abandoning a proposed deal valued at roughly $763m for Pinewood.AI — factual context on the size of the lost potential transaction. Apax Partners Abandons $763 Million Bid for Pinewood.AI
- Negative Sentiment: Market reaction: multiple outlets report a roughly 30% one‑day share drop as investors price out the takeover premium and re‑assess near‑term outlook. This sharp decline increases downside risk and may attract short‑term volatility. Pinewood shares nosedive 30% as Apax Partners withdraws bid
- Negative Sentiment: Analyst/market commentary highlights the steep drop (reported ~31.4% in some pieces) and raises the question of whether shareholders should sell — signalling bearish sentiment and potential follow‑on selling pressure. Pinewood Technologies Group (LON:PINE) Stock Price Down 31.4% – Should You Sell?
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank lifted their target price on Pinewood Technologies Group from GBX 700 to GBX 725 and gave the stock a “buy” rating in a report on Thursday, November 6th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of GBX 725.
Pinewood Technologies Group Price Performance
The company’s 50-day moving average price is GBX 381.73 and its two-hundred day moving average price is GBX 417.96. The company has a market capitalization of £340.99 million, a price-to-earnings ratio of 4.77 and a beta of 0.56.
Insiders Place Their Bets
In other Pinewood Technologies Group news, insider William Berman acquired 13,921 shares of the company’s stock in a transaction dated Monday, December 1st. The shares were bought at an average cost of GBX 357 per share, with a total value of £49,697.97. Insiders own 47.43% of the company’s stock.
About Pinewood Technologies Group
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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