Cineworld Group plc (CINE) Given New GBX 700 Price Target at J P Morgan Chase & Co
Cineworld Group plc (LON:CINE) had its target price raised by J P Morgan Chase & Co from GBX 690 ($8.39) to GBX 700 ($8.51) in a report published on Thursday. The firm currently has an overweight rating on the stock.
CINE has been the topic of several other reports. Barclays PLC reiterated an overweight rating and set a GBX 665 ($8.09) price objective on shares of Cineworld Group plc in a research report on Friday, September 16th. N+1 Singer reiterated a buy rating and set a GBX 635 ($7.72) price objective on shares of Cineworld Group plc in a research report on Wednesday, January 4th. HSBC reiterated a buy rating and set a GBX 720 ($8.76) price objective on shares of Cineworld Group plc in a research report on Monday, November 28th. Canaccord Genuity lifted their price objective on shares of Cineworld Group plc from GBX 520 ($6.32) to GBX 550 ($6.69) and gave the stock a hold rating in a research report on Monday, November 21st. Finally, Numis Securities Ltd started coverage on shares of Cineworld Group plc in a research report on Friday, December 2nd. They set an add rating and a GBX 615 ($7.48) price objective on the stock. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Cineworld Group plc has a consensus rating of Buy and a consensus price target of GBX 656.18 ($7.98).
Shares of Cineworld Group plc (LON:CINE) traded down 0.51% during mid-day trading on Thursday, reaching GBX 583.50. The company had a trading volume of 502,415 shares. The company’s 50-day moving average is GBX 554.34 and its 200 day moving average is GBX 562.53. Cineworld Group plc has a 52-week low of GBX 454.70 and a 52-week high of GBX 618.00. The stock’s market capitalization is GBX 1.55 billion.
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In other Cineworld Group plc news, insider Scott Rosenblum acquired 6,500 shares of Cineworld Group plc stock in a transaction that occurred on Monday, November 21st. The stock was acquired at an average price of GBX 677 ($8.23) per share, with a total value of £44,005 ($53,514.53).
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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