Berenberg Bank Reaffirms “Buy” Rating for Cineworld Group (CINE)

Berenberg Bank reaffirmed their buy rating on shares of Cineworld Group (LON:CINE) in a research report released on Thursday. The firm currently has a GBX 800 ($10.71) target price on the stock.

Several other analysts have also weighed in on CINE. Numis Securities reaffirmed a hold rating and set a GBX 750 ($10.04) price objective on shares of Cineworld Group in a report on Thursday, August 10th. Peel Hunt reissued an add rating and issued a GBX 775 ($10.38) price objective on shares of Cineworld Group in a research report on Wednesday, August 16th. Canaccord Genuity lifted their price objective on shares of Cineworld Group from GBX 630 ($8.44) to GBX 700 ($9.37) and gave the company a hold rating in a research report on Thursday, August 10th. Investec reaffirmed a buy rating and set a GBX 825 ($11.05) target price on shares of Cineworld Group in a report on Thursday, November 23rd. Finally, N+1 Singer raised shares of Cineworld Group to a buy rating and lifted their target price for the stock from GBX 760 ($10.18) to GBX 770 ($10.31) in a report on Thursday, August 10th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of GBX 774.17 ($10.37).

Shares of Cineworld Group (LON CINE) opened at GBX 545.50 ($7.31) on Thursday. Cineworld Group has a fifty-two week low of GBX 527.50 ($7.06) and a fifty-two week high of GBX 744.90 ($9.98).

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About Cineworld Group

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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