Cineworld Group Upgraded to Buy by N+1 Singer (CINE)
Cineworld Group (LON:CINE) was upgraded by investment analysts at N+1 Singer to a “buy” rating in a note issued to investors on Monday, American Banking and Market News reports. The firm currently has a GBX 500 ($8.24) price objective on the stock, up from their previous price objective of GBX 376 ($6.20). N+1 Singer’s target price suggests a potential upside of 21.88% from the stock’s previous close.
Cineworld Group (LON:CINE) opened at 410.25 on Monday. Cineworld Group has a 52-week low of GBX 265.00 and a 52-week high of GBX 447.75. The stock has a 50-day moving average of GBX 386.8 and a 200-day moving average of GBX 381.5. The company’s market cap is £614.7 million.
Several other analysts have also recently commented on the stock. Analysts at Nplus1 Brewin reiterated a “hold” rating on shares of Cineworld Group in a research note to investors on Friday, January 10th. They now have a GBX 376 ($6.20) 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 Friday, January 10th. They now have a GBX 260 ($4.28) price target on the stock. Finally, analysts at Canaccord Genuity raised their price target on shares of Cineworld Group from GBX 450 ($7.42) to GBX 500 ($8.24) in a research note to investors on Friday, January 10th. They now have a “buy” rating on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of GBX 406.56 ($6.70).
Cineworld Group plc (LON:CINE) is an investment holding company.
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