Cineworld Group plc (CINE) Given Consensus Recommendation of “Buy” by Analysts
Cineworld Group plc (LON:CINE) has been assigned a consensus rating of “Buy” from the eleven research firms that are currently covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is GBX 758.89 ($9.65).
Several research analysts have weighed in on the stock. Investec raised their price objective on shares of Cineworld Group plc from GBX 725 ($9.22) to GBX 825 ($10.49) and gave the stock a “buy” rating in a report on Thursday, May 18th. Numis Securities Ltd reissued a “hold” rating and set a GBX 750 ($9.54) price objective on shares of Cineworld Group plc in a report on Thursday, May 18th. Peel Hunt raised their price objective on shares of Cineworld Group plc from GBX 675 ($8.59) to GBX 775 ($9.86) and gave the stock an “add” rating in a report on Wednesday, May 10th. Deutsche Bank AG assumed coverage on shares of Cineworld Group plc in a report on Monday, May 22nd. They set a “buy” rating and a GBX 825 ($10.49) price objective for the company. Finally, Barclays PLC reissued an “overweight” rating on shares of Cineworld Group plc in a report on Friday, May 26th.
Shares of Cineworld Group plc (LON:CINE) traded down 1.35% during midday trading on Tuesday, reaching GBX 695.00. 318,951 shares of the company were exchanged. The stock’s 50-day moving average price is GBX 712.42 and its 200-day moving average price is GBX 644.38. The company’s market capitalization is GBX 1.86 billion. Cineworld Group plc has a 52-week low of GBX 496.53 and a 52-week high of GBX 744.90.
In other news, insider Moshe (Mooky) Greidinger sold 21,999 shares of the firm’s stock in a transaction dated Friday, June 23rd. The shares were sold at an average price of GBX 676 ($8.60), for a total value of £148,713.24 ($189,154.46). Over the last 90 days, insiders sold 48,399 shares of company stock worth $32,752,924.
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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