Shares of Pinewood Technologies Group PLC (LON:PINE – Get Free Report) were down 32.6% during mid-day trading on Monday . The stock traded as low as GBX 288.90 and last traded at GBX 294. Approximately 4,325,244 shares changed hands during mid-day trading, an increase of 147% from the average daily volume of 1,751,656 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: Several directors and executives bought shares on Feb 16–17, signalling management confidence and providing a potential support level after the sell‑off. Read More.
- Positive Sentiment: Non‑executive directors and the CFO publicly increased their stakes (multiple filings reported), reinforcing the insider conviction narrative. Read More.
- Neutral Sentiment: The board has issued statements that the company remains confident in its strategy and outlook despite the aborted bid — reassuring but it does not replace the lost takeover premium. Read More.
- Neutral Sentiment: Broker notes and market commentary are circulating (coverage includes Pinewood in broker tips), which can affect short‑term flows but so far reflect mixed views post‑bid. Read More.
- Negative Sentiment: Apax Partners withdrew its ~£575m bid, citing a sharp re‑rating driven by AI‑related valuation concerns; loss of that takeover premium is the primary reason for the stock’s large decline. Read More.
- Negative Sentiment: Wider AI sector volatility and investor fears about future earnings/valuations exacerbated selling pressure and scuppered the deal — analysts and press link the retreat to AI re‑rating. Read More.
Analysts Set New Price Targets
Separately, Berenberg Bank raised their price target on Pinewood Technologies Group from GBX 700 to GBX 725 and gave the company a “buy” rating in a report on Thursday, November 6th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of GBX 725.
Pinewood Technologies Group Stock Performance
The business’s fifty day moving average price is GBX 379.01 and its two-hundred day moving average price is GBX 415.40. The stock has a market capitalization of £345.09 million, a P/E ratio of 4.83 and a beta of 0.56.
Insider Activity at Pinewood Technologies Group
In related news, insider Dietmar Exler bought 2,500 shares of the business’s stock in a transaction dated Monday, February 16th. The shares were purchased at an average price of GBX 295 per share, with a total value of £7,375. Also, insider Oliver Mann purchased 25,045 shares of the firm’s stock in a transaction that occurred on Monday, February 16th. The shares were bought at an average price of GBX 307 per share, for a total transaction of £76,888.15. Insiders purchased a total of 64,957 shares of company stock valued at $20,349,448 over the last ninety days. 47.43% of the stock is currently owned by company insiders.
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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