Cineworld Group plc (CINE) Receives Buy Rating from HSBC
Cineworld Group plc (LON:CINE)‘s stock had its “buy” rating reissued by stock analysts at HSBC in a research report issued to clients and investors on Monday. They currently have a GBX 720 ($9.00) price objective on the stock. HSBC’s price objective would indicate a potential upside of 31.98% from the stock’s current price.
CINE has been the topic of several other research reports. Barclays PLC reaffirmed an “overweight” rating and issued a GBX 665 ($8.31) price objective on shares of Cineworld Group plc in a research report on Friday, September 16th. Canaccord Genuity lifted their price objective on shares of Cineworld Group plc from GBX 520 ($6.50) to GBX 550 ($6.87) and gave the stock a “hold” rating in a research report on Monday, November 21st. JPMorgan Chase & Co. lifted their price objective 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. Peel Hunt reaffirmed a “buy” rating and issued a GBX 650 ($8.12) price objective on shares of Cineworld Group plc in a research report on Thursday, August 11th. Finally, Investec reaffirmed a “buy” rating and issued a GBX 685 ($8.56) price objective on shares of Cineworld Group plc in a research report on Tuesday, November 15th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Cineworld Group plc presently has an average rating of “Buy” and an average price target of GBX 642.55 ($8.03).
Shares of Cineworld Group plc (LON:CINE) opened at 543.00 on Monday. The stock’s 50 day moving average is GBX 549.61 and its 200-day moving average is GBX 561.47. Cineworld Group plc has a one year low of GBX 454.70 and a one year high of GBX 618.00. The company’s market cap is GBX 1.44 billion.
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In other Cineworld Group plc news, insider Scott Rosenblum bought 6,500 shares of Cineworld Group plc stock in a transaction dated Monday, November 21st. The stock was purchased at an average price of GBX 677 ($8.46) per share, for a total transaction of £44,005 ($54,978.76).
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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