HSBC Holdings plc Raises Cineworld Group plc (CINE) Price Target to GBX 785
Cineworld Group plc (LON:CINE) had its target price upped by stock analysts at HSBC Holdings plc from GBX 750 ($9.68) to GBX 785 ($10.13) in a research report issued on Friday. The brokerage currently has a “buy” rating on the stock. HSBC Holdings plc’s price target would suggest a potential upside of 8.05% from the company’s previous close.
CINE has been the topic of a number of other research reports. Berenberg Bank reaffirmed a “buy” rating and set a GBX 675 ($8.71) price objective on shares of Cineworld Group plc in a research report on Thursday, February 9th. Peel Hunt downgraded Cineworld Group plc to an “add” rating and set a GBX 650 ($8.39) price objective on the stock. in a research report on Tuesday, January 24th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 720 ($9.29) price objective on shares of Cineworld Group plc in a research report on Friday, March 24th. Canaccord Genuity raised their price objective on Cineworld Group plc from GBX 550 ($7.10) to GBX 630 ($8.13) and gave the company a “hold” rating in a research report on Wednesday, March 22nd. Finally, Numis Securities Ltd downgraded Cineworld Group plc to a “hold” rating and set a GBX 660 ($8.52) price objective on the stock. in a research report on Thursday, March 9th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Cineworld Group plc presently has an average rating of “Buy” and a consensus target price of GBX 737.50 ($9.52).
Shares of Cineworld Group plc (LON:CINE) traded up 1.32% during mid-day trading on Friday, hitting GBX 726.50. 529,025 shares of the stock were exchanged. The stock’s 50 day moving average is GBX 694.93 and its 200 day moving average is GBX 616.68. The firm’s market cap is GBX 1.94 billion. Cineworld Group plc has a 12 month low of GBX 496.53 and a 12 month high of GBX 744.90.
The firm also recently declared a dividend, which will be paid on Thursday, June 22nd. Shareholders of record on Thursday, May 25th will be issued a GBX 13.80 ($0.18) dividend. This represents a yield of 2.13%. The ex-dividend date is Thursday, May 25th. This is an increase from Cineworld Group plc’s previous dividend of $5.20.
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About Cineworld Group plc
Cineworld Group plc is a United Kingdom-based international cinema chain. The Company operates in approximately nine countries. The Company operates through two segments: UK and Ireland, and Central and Eastern Europe and Israel (CEE & I). The Company has approximately 220 cinemas with over 2,010 screens.
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