Macquarie Increases Carmike Cinemas Price Target to $28.00 (CKEC)
Macquarie upped their target price on shares of Carmike Cinemas (NASDAQ:CKEC) from $26.00 to $28.00 in a research note issued on Wednesday, American Banking & Market News reports. Macquarie’s target price would suggest a potential upside of 19.86% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks upgraded shares of Carmike Cinemas from an “underperform” rating to an “outperform” rating in a research note to investors on Friday, October 18th. They now have a $23.30 price target on the stock. Finally, analysts at B. Riley raised their price target on shares of Carmike Cinemas from $23.00 to $28.00 in a research note to investors on Tuesday, August 6th. They now have a “buy” rating on the stock. Eight research analysts have rated the stock with a buy rating, Carmike Cinemas has an average rating of “Buy” and a consensus price target of $23.61.
Carmike Cinemas (NASDAQ:CKEC) opened at 23.36 on Wednesday. Carmike Cinemas has a 1-year low of $11.04 and a 1-year high of $20.89. The stock has a 50-day moving average of $18.35 and a 200-day moving average of $17.78. The company has a market cap of $417.4 million and a price-to-earnings ratio of 4.43.
Carmike Cinemas, Inc is a motion picture exhibitors in the United States. As of December 31, 2011, the Company owned, operated or had an interest in 237 theatres with 2,254 screens located in 35 states.
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