Cineworld Group plc (CINE) Given Buy Rating at HSBC
Several other research firms also recently issued reports on CINE. Peel Hunt reaffirmed a buy rating and issued a GBX 650 ($8.06) price objective on shares of Cineworld Group plc in a research note on Thursday, August 11th. Canaccord Genuity reaffirmed a hold rating and issued a GBX 520 ($6.45) price objective on shares of Cineworld Group plc in a research note on Thursday, August 11th. JPMorgan Chase & Co. upped their price objective on Cineworld Group plc from GBX 610 ($7.57) to GBX 640 ($7.94) and gave the company an overweight rating in a research note on Monday, August 8th. Barclays PLC reaffirmed an overweight rating and issued a GBX 665 ($8.25) price objective on shares of Cineworld Group plc in a research note on Friday, September 16th. Finally, Investec reaffirmed a buy rating and issued a GBX 685 ($8.50) price objective on shares of Cineworld Group plc in a research note on Tuesday, November 15th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Cineworld Group plc presently has an average rating of Buy and a consensus target price of GBX 642.55 ($7.97).
Shares of Cineworld Group plc (LON:CINE) opened at 544.00 on Monday. The company’s market capitalization is GBX 1.44 billion. The company’s 50 day moving average is GBX 548.64 and its 200 day moving average is GBX 561.91. Cineworld Group plc has a 12-month low of GBX 454.70 and a 12-month high of GBX 618.00.
In other Cineworld Group plc news, insider Scott Rosenblum purchased 6,500 shares of the firm’s stock in a transaction on Monday, November 21st. The stock was acquired at an average price of GBX 677 ($8.40) per share, for a total transaction of £44,005 ($54,590.00).
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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