Pinewood Technologies Group (LON:PINE) Trading Down 30.2% – Should You Sell?

Pinewood Technologies Group PLC (LON:PINEGet Free Report) fell 30.2% during mid-day trading on Monday . The company traded as low as GBX 297.91 and last traded at GBX 304.50. 6,056,329 shares changed hands during mid-day trading, an increase of 235% from the average session volume of 1,805,752 shares. The stock had previously closed at GBX 436.50.

Analysts Set New Price Targets

Separately, Berenberg Bank raised their target price on shares of 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, Pinewood Technologies Group presently has a consensus rating of “Buy” and an average target price of GBX 725.

View Our Latest Analysis on Pinewood Technologies Group

Pinewood Technologies Group Stock Down 30.2%

The stock has a market capitalization of £348.59 million, a price-to-earnings ratio of 4.88 and a beta of 0.56. The business’s 50 day simple moving average is GBX 381.73 and its 200-day simple moving average is GBX 417.96.

Insider Transactions at Pinewood Technologies Group

In other Pinewood Technologies Group news, insider William Berman bought 13,921 shares of the business’s stock in a transaction on Monday, December 1st. The stock was purchased at an average cost of GBX 357 per share, for a total transaction of £49,697.97. 47.43% of the stock is owned by company insiders.

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.

Further Reading

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