Canaccord Genuity Increases Cineworld Group Price Target to GBX 500 (CINE)
Research analysts at Canaccord Genuity increased their price objective on shares of Cineworld Group (LON:CINE) from GBX 450 ($7.38) to GBX 500 ($8.20) in a report released on Friday, AnalystRatings.Net reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s price objective would suggest a potential upside of 27.71% from the company’s current price.
CINE has been the subject of a number of other recent research reports. Analysts at N+1 Singer reiterated a “hold” rating on shares of Cineworld Group in a research note to investors on Friday. They now have a GBX 376 ($6.17) price target on the stock. Separately, analysts at Numis Securities Ltd reiterated an “add” rating on shares of Cineworld Group in a research note to investors on Wednesday. They now have a GBX 450 ($7.38) price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Cineworld Group in a research note to investors on Wednesday, November 20th. They now have a GBX 425 ($6.97) price target on the stock. One research 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. The stock presently has a consensus rating of “Hold” and an average target price of GBX 379.01 ($6.22).
Cineworld Group (LON:CINE) traded up 12.39% on Friday, hitting GBX 440.5625. The stock had a trading volume of 1,278,707 shares. Cineworld Group has a 52 week low of GBX 265.00 and a 52 week high of GBX 442.75. The stock’s 50-day moving average is GBX 378.4 and its 200-day moving average is GBX 378.0. The company’s market cap is £660.1 million.
Cineworld Group plc (LON:CINE) is an investment holding company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.