Cineworld Group (LON:CINE)‘s stock had its “buy” rating reaffirmed by analysts at Berenberg Bank in a research note issued to investors on Thursday. They presently have a GBX 800 ($10.71) price target on the stock. Berenberg Bank’s target price points to a potential upside of 45.45% from the stock’s current price.
Several other analysts have also weighed in on CINE. Numis Securities reiterated a “hold” rating and issued a GBX 750 ($10.04) price objective on shares of Cineworld Group in a research note on Thursday, November 23rd. Peel Hunt reiterated an “add” rating and issued a GBX 725 ($9.71) price objective on shares of Cineworld Group in a research note on Wednesday. Investec reiterated a “buy” rating and issued a GBX 825 ($11.05) price objective on shares of Cineworld Group in a research note on Thursday, August 10th. Canaccord Genuity reiterated a “hold” rating and issued a GBX 700 ($9.37) price objective on shares of Cineworld Group in a research note on Thursday, November 23rd. Finally, N+1 Singer upgraded shares of Cineworld Group to a “buy” rating and lifted their price objective for the company from GBX 760 ($10.18) to GBX 770 ($10.31) in a research note on Thursday, August 10th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Cineworld Group currently has a consensus rating of “Buy” and an average target price of GBX 774.17 ($10.37).
Cineworld Group (LON CINE) traded down GBX 7 ($0.09) during trading on Thursday, reaching GBX 550 ($7.37). 2,302,635 shares of the company’s stock traded hands, compared to its average volume of 653,008. Cineworld Group has a 52-week low of GBX 538 ($7.21) and a 52-week high of GBX 744.90 ($9.98).
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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