Cineworld Group (CINE) Receives Overweight Rating from JPMorgan Chase & Co.

Cineworld Group (LON:CINE)‘s stock had its “overweight” rating reissued by equities researchers at JPMorgan Chase & Co. in a research note issued to investors on Thursday.

CINE has been the topic of a number of other reports. Numis Securities restated a “buy” rating and set a GBX 825 ($11.19) price target on shares of Cineworld Group in a research note on Tuesday, November 28th. Panmure Gordon started coverage on Cineworld Group in a research note on Thursday, September 28th. They set a “buy” rating and a GBX 750 ($10.17) price target on the stock. Peel Hunt restated an “add” rating and set a GBX 725 ($9.83) price target on shares of Cineworld Group in a research note on Wednesday, November 29th. Deutsche Bank restated a “buy” rating and set a GBX 825 ($11.19) price target on shares of Cineworld Group in a research note on Tuesday, December 5th. Finally, Berenberg Bank decreased their price target on Cineworld Group from GBX 800 ($10.85) to GBX 700 ($9.49) and set a “buy” rating on the stock in a research note on Friday, December 15th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Cineworld Group has an average rating of “Buy” and a consensus target price of GBX 755.42 ($10.24).

Shares of Cineworld Group (LON:CINE) traded down GBX 23.50 ($0.32) during trading on Thursday, reaching GBX 513.50 ($6.96). The company had a trading volume of 5,653,163 shares, compared to its average volume of 1,280,000. The stock has a market capitalization of $1,410.00 and a price-to-earnings ratio of 1,426.39. Cineworld Group has a 52 week low of GBX 508.50 ($6.90) and a 52 week high of GBX 744.90 ($10.10).

In other news, insider Nisan Cohen sold 1,450 shares of the stock in a transaction on Thursday, January 18th. The stock was sold at an average price of GBX 538 ($7.30), for a total value of £7,801 ($10,579.06).

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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.

Analyst Recommendations for Cineworld Group (LON:CINE)

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