Cineworld Group plc’s (CINE) Add Rating Reiterated at Peel Hunt
Cineworld Group plc (LON:CINE)‘s stock had its “add” rating reissued by investment analysts at Peel Hunt in a research report issued on Thursday. They currently have a GBX 725 ($9.54) price objective on the stock. Peel Hunt’s price objective would indicate a potential upside of 11.80% from the company’s previous close.
Several other research analysts have also commented on the stock. Panmure Gordon initiated coverage on shares of Cineworld Group plc in a report on Thursday, September 28th. They issued a “buy” rating and a GBX 750 ($9.86) price objective for the company. Deutsche Bank AG restated a “buy” rating and issued a GBX 825 ($10.85) price objective on shares of Cineworld Group plc in a report on Thursday, October 5th. N+1 Singer upgraded shares of Cineworld Group plc to a “buy” rating and upped their price objective for the stock from GBX 760 ($10.00) to GBX 770 ($10.13) in a report on Thursday, August 10th. Investec restated a “buy” rating and issued a GBX 825 ($10.85) price objective on shares of Cineworld Group plc in a report on Thursday, August 10th. Finally, Canaccord Genuity upped their price objective on shares of Cineworld Group plc from GBX 630 ($8.29) to GBX 700 ($9.21) and gave the stock a “hold” rating in a report on Thursday, August 10th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Cineworld Group plc currently has an average rating of “Buy” and an average price target of GBX 767.92 ($10.10).
Shares of Cineworld Group plc (LON:CINE) opened at GBX 648.50 ($8.53) on Thursday. Cineworld Group plc has a 1-year low of GBX 537 ($7.06) and a 1-year high of GBX 744.90 ($9.80).
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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