Cineworld Group plc’s (LON:CINE) “Buy” Rating Reaffirmed at Investec
Cineworld Group plc (LON:CINE)‘s stock had its “buy” rating reissued by investment analysts at Investec in a note issued to investors on Thursday. They currently have a GBX 825 ($10.74) price objective on the stock. Investec’s target price would indicate a potential upside of 17.44% from the stock’s current price.
CINE has been the topic of a number of other research reports. Numis Securities Ltd reaffirmed a “hold” rating and set a GBX 750 ($9.77) price objective on shares of Cineworld Group plc in a research note on Tuesday, July 25th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 675 ($8.79) price objective on shares of Cineworld Group plc in a research note on Tuesday, April 25th. Peel Hunt reaffirmed an “add” rating and set a GBX 775 ($10.09) price objective on shares of Cineworld Group plc in a research note on Friday, May 26th. Deutsche Bank AG reaffirmed a “buy” rating and set a GBX 825 ($10.74) price objective on shares of Cineworld Group plc in a research note on Tuesday, July 11th. Finally, N+1 Singer reaffirmed a “hold” rating on shares of Cineworld Group plc in a research note on Friday, May 26th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of GBX 767.73 ($10.00).
Cineworld Group plc (LON CINE) opened at 722.50 on Thursday. The firm’s market cap is GBX 1.93 billion. Cineworld Group plc has a 12 month low of GBX 528.00 and a 12 month high of GBX 744.90. The stock’s 50 day moving average is GBX 693.32 and its 200 day moving average is GBX 675.59.
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In other Cineworld Group plc news, insider Moshe (Mooky) Greidinger sold 11,000 shares of the firm’s stock in a transaction dated Thursday, June 22nd. The stock was sold at an average price of GBX 675 ($8.79), for a total value of £74,250 ($96,692.28). Over the last three months, 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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