Carmike Cinemas Sets New 52-Week High at $29.07 (CKEC)
Carmike Cinemas (NASDAQ:CKEC) hit a new 52-week high during mid-day trading on Tuesday , AR Network reports. The company traded as high as $29.07 and last traded at $28.60, with a volume of 215,838 shares. The stock had previously closed at $28.11.
Several analysts have recently commented on the stock. Analysts at Benchmark Co. initiated coverage on shares of Carmike Cinemas in a research note on Tuesday, January 7th. They set a “buy” rating and a $33.01 price target on the stock. Analysts at B. Riley raised their price target on shares of Carmike Cinemas from $29.00 to $34.00 in a research note on Monday, December 23rd. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $25.98.
The stock’s 50-day moving average is $27.35 and its 200-day moving average is $23.27. The company has a market cap of $655.1 million and a P/E ratio of 5.55.
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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