Cineworld Group Price Target Cut to GBX 425 (CINE)
Stock analysts at JPMorgan Chase & Co. cut their price target on shares of Cineworld Group (LON:CINE) from GBX 428 ($6.92) to GBX 425 ($6.87) in a report issued on Wednesday, Analyst Ratings Network.com reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s target price indicates a potential upside of 8.63% from the company’s current price.
Cineworld Group (LON:CINE) traded down 1.39% during mid-day trading on Wednesday, hitting GBX 391.25. The stock had a trading volume of 134,181 shares. Cineworld Group has a 52-week low of GBX 233.16 and a 52-week high of GBX 442.75. The stock has a 50-day moving average of GBX 388.0 and a 200-day moving average of GBX 348.5. The company’s market cap is £586.2 million.
CINE has been the subject of a number of other recent research reports. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Cineworld Group in a research note to investors on Tuesday, October 22nd. They now have a GBX 450 ($7.28) price target on the stock. Separately, analysts at Panmure Gordon reiterated a “sell” rating on shares of Cineworld Group in a research note to investors on Tuesday, October 22nd. They now have a GBX 260 ($4.20) price target on the stock. Finally, analysts at Investec reiterated a “buy” rating on shares of Cineworld Group in a research note to investors on Tuesday, October 22nd. They now have a GBX 420 ($6.79) price target on the stock. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. Cineworld Group currently has a consensus rating of “Hold” and a consensus target price of GBX 373.45 ($6.04).
Cineworld Group plc (LON:CINE) is an investment holding company.
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