Investec Lowers Cineworld Group Price Target to GBX 400 (CINE)
Stock analysts at Investec lowered their price target on shares of Cineworld Group (LON:CINE) from GBX 420 ($6.98) to GBX 400 ($6.65) in a report issued on Tuesday, AnalystRatings.NET reports. The firm currently has a “buy” rating on the stock. Investec’s target price suggests a potential upside of 21.58% from the stock’s previous close.
CINE has been the subject of a number of other recent research reports. Analysts at Numis Securities Ltd reiterated an “add” rating on shares of Cineworld Group in a research note on Tuesday. They now have a GBX 400 ($6.65) price target on the stock. Separately, analysts at Panmure Gordon raised their price target on shares of Cineworld Group from GBX 260 ($4.32) to GBX 295 ($4.91) in a research note on Wednesday, February 12th. They now have a “sell” rating on the stock. Finally, analysts at Nplus1 Brewin upgraded shares of Cineworld Group to a “buy” rating in a research note on Monday, January 13th. They now have a GBX 500 ($8.32) price target on the stock, up previously from GBX 376 ($6.25). One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of GBX 402.67 ($6.70).
Cineworld Group (LON:CINE) traded down 3.09% during mid-day trading on Tuesday, hitting GBX 329.00. The stock had a trading volume of 245,406 shares. Cineworld Group has a 52-week low of GBX 238.099 and a 52-week high of GBX 402.09. The stock’s 50-day moving average is GBX 371.3 and its 200-day moving average is GBX 380.5. The company’s market cap is £493.0 million.
Cineworld Group plc (LON:CINE) is an investment holding company.
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