Cineworld Group Receives “Buy” Rating from Canaccord Genuity (CINE)
Cineworld Group (LON:CINE)‘s stock had its “buy” rating reiterated by analysts at Canaccord Genuity in a research report issued to clients and investors on Tuesday, AnalystRatingsNetwork.com reports. They currently have a GBX 450 ($7.04) target price on the stock. Canaccord Genuity’s price objective would indicate a potential upside of 11.39% from the stock’s previous close.
Shares of Cineworld Group (LON:CINE) opened at 397.75 on Tuesday. Cineworld Group has a 1-year low of GBX 237.00 and a 1-year high of GBX 442.75. The stock has a 50-day moving average of GBX 394.2 and a 200-day moving average of GBX 328.8. The company’s market cap is £596.0 million.
A number of other firms have also recently commented on CINE. Analysts at JPMorgan Chase & Co. raised their price target on shares of Cineworld Group (LON:CINE) from GBX 368 ($5.75) to GBX 428 ($6.69) in a research note to investors on Friday, August 16th. They now have an “overweight” rating on the stock. Separately, analysts at N+1 Singer reiterated a “buy” rating on shares of Cineworld Group (LON:CINE) in a research note to investors on Thursday, August 15th. They now have a GBX 402 ($6.29) price target on the stock. Finally, analysts at Investec reiterated a “buy” rating on shares of Cineworld Group (LON:CINE) in a research note to investors on Thursday, August 15th. They now have a GBX 420 ($6.57) price target on the stock, up previously from GBX 380 ($5.94).
One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of GBX 379.56 ($5.93).
Cineworld Group plc (LON:CINE) is an investment holding company.
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