Cineworld Group (CINE) Stock Rating Reaffirmed by Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of Cineworld Group (LON:CINE) in a report published on Monday morning, ThisIsMoney.Co.Uk reports.

A number of other equities research analysts have also recently weighed in on the company. Canaccord Genuity upped their price target on Cineworld Group from GBX 350 ($4.57) to GBX 355 ($4.64) and gave the stock a buy rating in a report on Wednesday, March 27th. Peel Hunt restated an add rating on shares of Cineworld Group in a report on Wednesday, March 27th. JPMorgan Chase & Co. upped their price target on Cineworld Group from GBX 340 ($4.44) to GBX 360 ($4.70) and gave the stock an overweight rating in a report on Monday, March 18th. Royal Bank of Canada restated a top pick rating and issued a GBX 400 ($5.23) price target (up previously from GBX 350 ($4.57)) on shares of Cineworld Group in a report on Friday, March 15th. Finally, Barclays upped their price target on Cineworld Group from GBX 305 ($3.99) to GBX 315 ($4.12) and gave the stock an equal weight rating in a report on Friday, March 15th. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of GBX 379.56 ($4.96).

CINE opened at GBX 314.90 ($4.11) on Monday. The company has a market capitalization of $4.31 billion and a P/E ratio of 14.06. The company has a debt-to-equity ratio of 118.40, a quick ratio of 0.61 and a current ratio of 0.64. Cineworld Group has a 1-year low of GBX 241.80 ($3.16) and a 1-year high of GBX 325.40 ($4.25).

The business also recently announced a dividend, which will be paid on Friday, July 5th. Shareholders of record on Thursday, June 13th will be issued a dividend of $0.10 per share. This represents a yield of 2.56%. The ex-dividend date is Thursday, June 13th. This is a boost from Cineworld Group’s previous dividend of $0.05. Cineworld Group’s dividend payout ratio is 0.58%.

About Cineworld Group

Cineworld Group plc engages in the cinema business. It is also involved in cinema property leasing and screen advertising activities, as well as ticket booking, film distribution, finance, and software development operations. The company operates its cinema sites under the Cineworld Cinemas, Picturehouse, Cinema City, Yes Planet, and Rav-Chen brands.

See Also: Limitations of the P/E Growth ratio

Analyst Recommendations for Cineworld Group (LON:CINE)

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