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.

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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.

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