Cineworld Group plc’s (CINE) “Buy” Rating Reaffirmed at Investec
Cineworld Group plc (LON:CINE)‘s stock had its “buy” rating reissued by stock analysts at Investec in a report issued on Tuesday. They presently have a GBX 685 ($8.56) target price on the stock. Investec’s target price suggests a potential upside of 24.77% from the stock’s previous close.
Other analysts have also recently issued reports about the stock. Peel Hunt reaffirmed a “buy” rating and set a GBX 650 ($8.12) price target on shares of Cineworld Group plc in a research report on Thursday, August 11th. HSBC initiated coverage on shares of Cineworld Group plc in a research report on Thursday, November 3rd. They set a “buy” rating and a GBX 720 ($9.00) price target for the company. Canaccord Genuity reaffirmed a “hold” rating and set a GBX 520 ($6.50) price target on shares of Cineworld Group plc in a research report on Thursday, August 11th. Barclays PLC reaffirmed an “overweight” rating and set a GBX 665 ($8.31) price target on shares of Cineworld Group plc in a research report on Friday, September 16th. Finally, JPMorgan Chase & Co. upped their price target on shares of Cineworld Group plc from GBX 610 ($7.62) to GBX 640 ($8.00) and gave the stock an “overweight” rating in a research report on Monday, August 8th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Cineworld Group plc presently has an average rating of “Buy” and an average price target of GBX 639.82 ($7.99).
Shares of Cineworld Group plc (LON:CINE) opened at 559.50 on Tuesday. Cineworld Group plc has a 12-month low of GBX 454.70 and a 12-month high of GBX 618.00. The company has a 50 day moving average price of GBX 557.01 and a 200 day moving average price of GBX 560.78. The firm’s market cap is GBX 1.49 billion.
About Cineworld Group plc
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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