Cineworld Group plc (LON:CINE) Receives Average Rating of “Buy” from Brokerages

Cineworld Group plc (LON:CINE) has been assigned an average rating of “Buy” from the eleven brokerages that are currently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is GBX 779.50 ($10.15).

Several analysts recently weighed in on CINE shares. Peel Hunt raised their target price on shares of Cineworld Group plc from GBX 675 ($8.79) to GBX 775 ($10.09) and gave the company an “add” rating in a report on Wednesday, May 10th. Investec reiterated a “buy” rating and issued a GBX 825 ($10.74) price target on shares of Cineworld Group plc in a research note on Thursday, June 15th. Deutsche Bank AG restated a “buy” rating and set a GBX 825 ($10.74) target price on shares of Cineworld Group plc in a research report on Sunday, May 28th. Berenberg Bank restated a “buy” rating and set a GBX 675 ($8.79) target price on shares of Cineworld Group plc in a research report on Tuesday, April 25th. Finally, HSBC Holdings plc lifted 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 research report on Friday, May 19th.

WARNING: This piece was first published by Community Financial News and is the property of of Community Financial News. If you are reading this piece on another domain, it was copied illegally and reposted in violation of United States & international copyright and trademark laws. The legal version of this piece can be accessed at https://www.com-unik.info/2017/08/19/cineworld-group-plc-loncine-given-consensus-recommendation-of-buy-by-brokerages-updated-updated-updated.html.

In other Cineworld Group plc news, insider Moshe (Mooky) Greidinger sold 11,000 shares of the company’s stock in a transaction that occurred on Thursday, June 22nd. The stock was sold at an average price of GBX 675 ($8.79), for a total value of £74,250 ($96,692.28). Over the last ninety days, insiders sold 48,399 shares of company stock worth $32,752,924.

Cineworld Group plc (LON CINE) traded down 0.83% during trading on Monday, hitting GBX 717.50. 424,185 shares of the company’s stock traded hands. Cineworld Group plc has a 12 month low of GBX 528.00 and a 12 month high of GBX 744.90. The stock’s market cap is GBX 1.92 billion. The company’s 50 day moving average is GBX 694.09 and its 200-day moving average is GBX 675.93.

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.

Analyst Recommendations for Cineworld Group plc (LON:CINE)

What are top analysts saying about Cineworld Group plc? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Cineworld Group plc and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit