Insider Buying: Cineworld Group plc (CINE) Insider Acquires 6,500 Shares of Stock
Cineworld Group plc (LON:CINE) insider Scott Rosenblum purchased 6,500 shares of the stock in a transaction dated Monday, November 21st. The stock was acquired at an average cost of GBX 677 ($8.46) per share, with a total value of £44,005 ($54,978.76).
Shares of Cineworld Group plc (LON:CINE) traded up 0.19% on Tuesday, hitting GBX 541.00. 152,461 shares of the company were exchanged. Cineworld Group plc has a 52-week low of GBX 454.70 and a 52-week high of GBX 618.00. The company has a 50-day moving average price of GBX 552.60 and a 200 day moving average price of GBX 561.50. The firm’s market cap is GBX 1.44 billion.
Several analysts recently commented on the stock. Barclays PLC restated an “overweight” rating and set a GBX 665 ($8.31) price target on shares of Cineworld Group plc in a research report on Wednesday, November 16th. Peel Hunt reiterated a “buy” rating and issued a GBX 650 ($8.12) target price on shares of Cineworld Group plc in a research 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 research note on Thursday, August 11th. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 610 ($7.62) price target on shares of Cineworld Group plc in a research note on Friday, July 29th. Finally, Investec reissued a “buy” rating and issued a GBX 685 ($8.56) price target on shares of Cineworld Group plc in a research note on Tuesday, November 15th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Cineworld Group plc currently has an average rating of “Buy” and an average price target of GBX 642.55 ($8.03).
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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