Cineworld Group plc (CINE) Earns Overweight Rating from Barclays PLC
Barclays PLC reissued their overweight rating on shares of Cineworld Group plc (LON:CINE) in a research note published on Friday morning. The firm currently has a GBX 665 ($8.68) target price on the stock.
Other analysts also recently issued research reports about the stock. Peel Hunt reiterated a buy rating and issued a GBX 650 ($8.48) target price on shares of Cineworld Group plc in a report on Thursday, August 11th. Berenberg Bank reiterated a buy rating and issued a GBX 650 ($8.48) target price on shares of Cineworld Group plc in a report on Monday, June 13th. JPMorgan Chase & Co. lifted their target price on shares of Cineworld Group plc from GBX 610 ($7.96) to GBX 640 ($8.35) and gave the company an overweight rating in a report on Monday, August 8th. Finally, Canaccord Genuity reiterated a hold rating and issued a GBX 520 ($6.79) target price on shares of Cineworld Group plc in a report on Thursday, August 11th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Cineworld Group plc presently has an average rating of Buy and an average price target of GBX 629.30 ($8.21).
Shares of Cineworld Group plc (LON:CINE) opened at 571.00 on Friday. The stock’s market cap is GBX 1.52 billion. The stock’s 50 day moving average price is GBX 581.92 and its 200 day moving average price is GBX 552.75. Cineworld Group plc has a one year low of GBX 454.70 and a one year high of GBX 618.00.
The firm also recently disclosed a dividend, which was paid on Friday, September 9th. Shareholders of record on Thursday, August 18th were paid a GBX 5.20 ($0.07) dividend. The ex-dividend date of this dividend was Thursday, August 18th. This represents a yield of 0.89%.
Cineworld Group plc Company Profile
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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