Cineworld Group plc (CINE) Stock Rating Reaffirmed by Peel Hunt
Cineworld Group plc (LON:CINE)‘s stock had its “add” rating reaffirmed by equities research analysts at Peel Hunt in a research report issued to clients and investors on Wednesday, StockTargetPrices.com reports. They currently have a GBX 775 ($10.06) price target on the stock. Peel Hunt’s price target would indicate a potential upside of 8.09% from the company’s previous close.
Several other analysts also recently commented on CINE. Canaccord Genuity raised their price objective on shares of Cineworld Group plc from GBX 630 ($8.18) to GBX 700 ($9.09) and gave the company a “hold” rating in a research report on Thursday, August 10th. Numis Securities Ltd restated a “hold” rating and set a GBX 750 ($9.74) price objective on shares of Cineworld Group plc in a research report on Thursday, August 10th. N+1 Singer restated a “hold” rating on shares of Cineworld Group plc in a research report on Friday, May 26th. Barclays PLC restated an “overweight” rating on shares of Cineworld Group plc in a research report on Friday, May 26th. Finally, Deutsche Bank AG restated a “buy” rating and set a GBX 825 ($10.71) price objective on shares of Cineworld Group plc in a research report on Sunday, May 28th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of GBX 774.09 ($10.05).
Shares of Cineworld Group plc (CINE) opened at 717.00 on Wednesday. The company’s market cap is GBX 1.95 billion. The firm’s 50-day moving average is GBX 697.23 and its 200-day moving average is GBX 678.91. Cineworld Group plc has a one year low of GBX 528.00 and a one year high of GBX 744.90.
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In other Cineworld Group plc news, insider Moshe (Mooky) Greidinger sold 11,000 shares of Cineworld Group plc stock in a transaction on Thursday, June 22nd. The shares were sold at an average price of GBX 675 ($8.76), for a total value of £74,250 ($96,391.02). Over the last quarter, insiders sold 48,399 shares of company stock worth $32,752,924.
About Cineworld Group plc
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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