Cineworld Group plc (CINE) Receives Buy Rating from HSBC
Several other brokerages also recently issued reports on CINE. Peel Hunt reissued a buy rating and issued a GBX 650 ($8.12) price target on shares of Cineworld Group plc in a report on Thursday, August 11th. Canaccord Genuity reissued a hold rating and issued a GBX 520 ($6.50) price target on shares of Cineworld Group plc in a report on Thursday, August 11th. JPMorgan Chase & Co. raised their price target on Cineworld Group plc from GBX 610 ($7.62) to GBX 640 ($8.00) and gave the stock an overweight rating in a report on Monday, August 8th. Barclays PLC reissued an overweight rating and issued a GBX 665 ($8.31) price target on shares of Cineworld Group plc in a report on Friday, September 16th. Finally, Investec reissued a buy rating and issued a GBX 685 ($8.56) price target on shares of Cineworld Group plc in a report on Tuesday. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Cineworld Group plc presently has a consensus rating of Buy and a consensus target price of GBX 639.82 ($7.99).
Shares of Cineworld Group plc (LON:CINE) traded down 0.27% during trading on Wednesday, reaching GBX 549.50. 378,424 shares of the company’s stock traded hands. The company’s market capitalization is GBX 1459.79 billion. The stock has a 50-day moving average of GBX 556.15 and a 200-day moving average of GBX 561.06. Cineworld Group plc has a 1-year low of GBX 454.70 and a 1-year high of GBX 618.00.
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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