Berenberg Bank Reaffirms “Buy” Rating for Hollywood Bowl Group (LON:BOWL)

Hollywood Bowl Group (LON:BOWL – Get Free Report)‘s stock had its “buy” rating reiterated by Berenberg Bank in a research note issued to investors on Wednesday, Digital Look reports. They currently have a GBX 450 price objective on the stock. Berenberg Bank’s price target indicates a potential upside of 78.93% from the company’s current price.

Separately, Shore Capital Group restated a “buy” rating and set a GBX 350 target price on shares of Hollywood Bowl Group in a research report on Friday, July 10th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average price target of GBX 397.75.

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Hollywood Bowl Group Stock Down 1.8%

LON BOWL opened at GBX 251.50 on Wednesday. Hollywood Bowl Group has a 1-year low of GBX 227.50 and a 1-year high of GBX 312. The company has a market capitalization of £419.03 million, a price-to-earnings ratio of 12.67, a PEG ratio of 0.87 and a beta of 0.36. The stock’s 50 day moving average is GBX 265.54 and its two-hundred day moving average is GBX 268.87. The company has a current ratio of 0.71, a quick ratio of 1.62 and a debt-to-equity ratio of 149.86.

Hollywood Bowl Group announced that its board has approved a share buyback program on Wednesday, July 1st that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Key Hollywood Bowl Group News

Here are the key news stories impacting Hollywood Bowl Group this week:

Hollywood Bowl Group Company Profile

(Get Free Report)

Hollywood Bowl Group plc is a leading international leisure operator of ten-pin bowling and mini-golf centres, bringing families and friends together for affordable fun and safe, healthy competition.

Our unique purpose-led culture and proven investment-led strategy are enabling us to capitalise on the significant growth opportunities in the markets we operate in, and achieve strong returns on capital invested.

We are market leader in the UK and Canada, and one of the largest operators of ten-pin bowling centres in the world.

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