Peel Hunt Reaffirms “Add” Rating for Cineworld Group (CINE)
A number of other brokerages have also recently weighed in on CINE. Canaccord Genuity upped their price objective on shares of Cineworld Group from GBX 630 ($8.44) to GBX 700 ($9.37) and gave the stock a hold rating in a report on Thursday, August 10th. Investec restated a buy rating and issued a GBX 825 ($11.05) price objective on shares of Cineworld Group in a report on Thursday, August 10th. Numis Securities restated a hold rating and issued a GBX 750 ($10.04) price objective on shares of Cineworld Group in a report on Thursday, August 10th. N+1 Singer upgraded shares of Cineworld Group to a buy rating and upped their price objective for the stock from GBX 760 ($10.18) to GBX 770 ($10.31) in a report on Thursday, August 10th. Finally, Deutsche Bank restated a buy rating and issued a GBX 825 ($11.05) price objective on shares of Cineworld Group in a report on Wednesday. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company presently has an average rating of Buy and an average price target of GBX 774.17 ($10.37).
Shares of Cineworld Group (CINE) traded down GBX 4.50 ($0.06) on Wednesday, reaching GBX 545.50 ($7.31). 2,175,008 shares of the company’s stock were exchanged, compared to its average volume of 653,008. Cineworld Group has a twelve month low of GBX 538 ($7.21) and a twelve month high of GBX 744.90 ($9.98).
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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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