Cineworld Group plc (LON:CINE) declared a dividend on Thursday, March 14th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, June 13th will be given a dividend of $0.10 per share on Friday, July 5th. This represents a dividend yield of 2.56%. The ex-dividend date is Thursday, June 13th. This is a boost from Cineworld Group’s previous dividend of $0.05. The official announcement can be seen at this link.
Cineworld Group stock opened at GBX 299.96 ($3.92) on Friday. Cineworld Group has a twelve month low of GBX 223.80 ($2.92) and a twelve month high of GBX 325.40 ($4.25). The company has a market cap of $4.11 billion and a PE ratio of 15.07. The company has a quick ratio of 0.64, a current ratio of 0.67 and a debt-to-equity ratio of 120.10.
A number of research analysts have recently weighed in on CINE shares. Jefferies Financial Group started coverage on shares of Cineworld Group in a research report on Tuesday, January 22nd. They set a “buy” rating and a GBX 390 ($5.10) target price for the company. Royal Bank of Canada reissued a “top pick” rating on shares of Cineworld Group in a research report on Friday, February 1st. Peel Hunt reissued an “add” rating on shares of Cineworld Group in a research report on Wednesday, January 16th. Numis Securities reissued a “buy” rating and set a GBX 421 ($5.50) target price on shares of Cineworld Group in a research report on Monday, December 17th. Finally, HSBC increased their target price on shares of Cineworld Group from GBX 370 ($4.83) to GBX 440 ($5.75) and gave the company a “buy” rating in a research report on Monday, March 4th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of GBX 390.17 ($5.10).
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Cineworld Group Company Profile
Cineworld Group plc engages in the cinema business. It is also involved in cinema property leasing and screen advertising activities, as well as ticket booking, film distribution, finance, and software development operations. The company operates its cinema sites under the Cineworld Cinemas, Picturehouse, Cinema City, Yes Planet, and Rav-Chen brands.
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