Cineworld Group plc (LON:CINE)‘s stock had its “add” rating reaffirmed by analysts at Peel Hunt in a report issued on Thursday. They presently have a GBX 775 ($10.09) price target on the stock. Peel Hunt’s price target would indicate a potential upside of 8.01% from the stock’s previous close.
Other analysts also recently issued research reports about the stock. Deutsche Bank AG reissued a “buy” rating and issued a GBX 825 ($10.74) price objective on shares of Cineworld Group plc in a report on Tuesday, July 11th. Investec reissued a “buy” rating and issued a GBX 825 ($10.74) price objective on shares of Cineworld Group plc in a report on Thursday, June 15th. HSBC Holdings plc boosted their price objective on shares of Cineworld Group plc from GBX 750 ($9.77) to GBX 785 ($10.22) and gave the company a “buy” rating in a report on Friday, May 19th. Berenberg Bank reissued a “buy” rating and issued a GBX 675 ($8.79) price objective on shares of Cineworld Group plc in a report on Tuesday, April 25th. Finally, Numis Securities Ltd reissued a “hold” rating and issued a GBX 750 ($9.77) price objective on shares of Cineworld Group plc in a report on Tuesday, July 25th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Cineworld Group plc currently has an average rating of “Buy” and a consensus price target of GBX 774.09 ($10.08).
Cineworld Group plc (LON CINE) opened at 717.50 on Thursday. The company’s market cap is GBX 1.92 billion. Cineworld Group plc has a 52 week low of GBX 528.00 and a 52 week high of GBX 744.90. The firm’s 50-day moving average is GBX 695.68 and its 200-day moving average is GBX 676.77.
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In other news, insider Moshe (Mooky) Greidinger sold 11,000 shares of the company’s stock in a transaction that occurred on Thursday, June 22nd. The shares were sold at an average price of GBX 675 ($8.79), for a total transaction of £74,250 ($96,692.28). In the last ninety days, insiders have sold 48,399 shares of company stock valued at $32,752,924.
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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