Peel Hunt Upgrades Cineworld Group (CINE) to “Buy”
Cineworld Group (LON:CINE) was upgraded by analysts at Peel Hunt to a “buy” rating in a note issued to investors on Monday.
A number of other equities research analysts have also recently weighed in on CINE. N+1 Singer restated a “buy” rating and issued a GBX 770 ($10.64) price objective on shares of Cineworld Group in a report on Monday, November 20th. Numis Securities restated a “hold” rating and issued a GBX 750 ($10.36) price objective on shares of Cineworld Group in a report on Thursday, November 23rd. Canaccord Genuity restated a “hold” rating and issued a GBX 700 ($9.67) price objective on shares of Cineworld Group in a report on Thursday, November 23rd. Investec restated a “buy” rating and issued a GBX 825 ($11.40) price objective on shares of Cineworld Group in a report on Thursday, November 23rd. Finally, Deutsche Bank reiterated a “buy” rating and set a GBX 825 ($11.40) price target on shares of Cineworld Group in a report on Wednesday, November 29th. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of GBX 755.42 ($10.44).
Shares of Cineworld Group (LON CINE) traded up GBX 7 ($0.10) on Monday, reaching GBX 244 ($3.37). 8,875,272 shares of the company’s stock were exchanged, compared to its average volume of 5,010,000. The stock has a market capitalization of $3,340.00 and a PE ratio of 1,525.00. Cineworld Group has a twelve month low of GBX 210.15 ($2.90) and a twelve month high of GBX 329.42 ($4.55).
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Cineworld Group Company Profile
Cineworld Group plc is a United Kingdom-based international cinema chain. The Company operates in approximately nine countries. The Company operates through two segments: UK and Ireland, and Central and Eastern Europe and Israel (CEE & I). The Company has approximately 220 cinemas with over 2,010 screens.
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