Cineworld Group plc (LON:CINE) Price Target Raised to GBX 700
Cineworld Group plc (LON:CINE) had its price target raised by analysts at Canaccord Genuity from GBX 630 ($8.20) to GBX 700 ($9.12) in a research note issued on Thursday. The firm currently has a “hold” rating on the stock. Canaccord Genuity’s target price points to a potential downside of 0.36% from the stock’s previous close.
Other research analysts also recently issued research reports about the stock. Peel Hunt lifted their price target on shares of Cineworld Group plc from GBX 675 ($8.79) to GBX 775 ($10.09) and gave the stock an “add” rating in a research note on Wednesday, May 10th. Deutsche Bank AG reiterated a “buy” rating and issued a GBX 825 ($10.74) price target on shares of Cineworld Group plc in a research note on Sunday, May 28th. HSBC Holdings plc lifted their price target on shares of Cineworld Group plc from GBX 750 ($9.77) to GBX 785 ($10.22) and gave the stock a “buy” rating in a research note on Friday, May 19th. Berenberg Bank reiterated a “buy” rating and issued a GBX 675 ($8.79) price target on shares of Cineworld Group plc in a research note on Tuesday, April 25th. Finally, Investec lifted their price target on shares of Cineworld Group plc from GBX 725 ($9.44) to GBX 825 ($10.74) and gave the stock a “buy” rating in a research note on Thursday, May 18th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of GBX 774.09 ($10.08).
Cineworld Group plc (LON:CINE) opened at 721.00 on Thursday. Cineworld Group plc has a 52 week low of GBX 528.00 and a 52 week high of GBX 744.90. The firm’s 50-day moving average is GBX 693.32 and its 200-day moving average is GBX 675.59. The firm’s market cap is GBX 1.93 billion.
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In other 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 ($8.79), for a total value of £74,250 ($96,692.28). Insiders sold a total of 48,399 shares of company stock worth $32,752,924 over the last ninety days.
Cineworld Group plc 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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