Insider Buying: Pinewood Technologies Group (LON:PINE) Insider Buys £49,708.50 in Stock

Pinewood Technologies Group PLC (LON:PINE) insider William Berman acquired 16,035 shares of the stock in a transaction dated Thursday, February 19th. The stock was purchased at an average cost of GBX 310 per share, with a total value of £49,708.50.

William Berman also recently made the following trade(s):

• On Monday, December 1st, William Berman bought 13,921 shares of Pinewood Technologies Group stock. The shares were acquired at an average price of GBX 357 per share, for a total transaction of £49,697.97.

Pinewood Technologies Group Stock Performance

Shares of LON PINE opened at GBX 313 on Monday. The firm has a 50 day moving average price of GBX 375.73 and a two-hundred day moving average price of GBX 411.03. The stock has a market cap of £358.32 million, a P/E ratio of 5.02 and a beta of 0.56. Pinewood Technologies Group PLC has a 52-week low of GBX 284.50 and a 52-week high of GBX 575.

Analysts Set New Price Targets

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, According to data from MarketBeat.com, Pinewood Technologies Group currently has an average rating of “Buy” and an average price target of GBX 725.

Pinewood Technologies Group Company Profile

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.