Cineworld Group plc (CINE) Given Average Rating of “Buy” by Analysts
Cineworld Group plc (LON:CINE) has been assigned a consensus rating of “Buy” from the twelve analysts that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is GBX 758.64 ($10.29).
CINE has been the subject of a number of research analyst reports. Deutsche Bank reissued a “buy” rating and set a GBX 825 ($11.19) price target on shares of Cineworld Group in a report on Wednesday, November 29th. Berenberg Bank lowered their price target on Cineworld Group from GBX 800 ($10.85) to GBX 700 ($9.49) and set a “buy” rating for the company in a report on Friday, December 15th. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 780 ($10.58) price target on shares of Cineworld Group in a report on Thursday, November 30th. Peel Hunt lowered Cineworld Group to a “hold” rating and reduced their price objective for the stock from GBX 725 ($9.83) to GBX 600 ($8.14) in a research report on Tuesday, December 5th. Finally, Canaccord Genuity restated a “hold” rating and set a GBX 700 ($9.49) price objective on shares of Cineworld Group in a research report on Thursday, November 23rd.
Cineworld Group (CINE) traded down GBX 8 ($0.11) during trading on Monday, hitting GBX 563 ($7.63). The stock had a trading volume of 426,682 shares, compared to its average volume of 1,330,000. Cineworld Group has a 12 month low of GBX 508.50 ($6.90) and a 12 month high of GBX 744.90 ($10.10). The firm has a market cap of $1,570.00 and a PE ratio of 1,563.89.
Cineworld Group Company Profile
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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