Cineworld Group plc (LON:CINE) Rating Increased to Buy at N+1 Singer
Cineworld Group plc (LON:CINE) was upgraded by stock analysts at N+1 Singer to a “buy” rating in a research note issued to investors on Thursday. The firm presently has a GBX 770 ($10.03) target price on the stock, up from their prior target price of GBX 760 ($9.90). N+1 Singer’s target price would suggest a potential upside of 9.61% from the stock’s previous close.
Several other equities analysts have also weighed in on the stock. Peel Hunt restated an “add” rating and issued a GBX 775 ($10.09) price objective on shares of Cineworld Group plc in a report on Thursday. Berenberg Bank increased their price objective on shares of Cineworld Group plc from GBX 675 ($8.79) to GBX 800 ($10.42) and gave the company a “buy” rating in a report on Wednesday, July 26th. Numis Securities Ltd restated a “hold” rating and issued a GBX 750 ($9.77) price objective on shares of Cineworld Group plc in a report on Tuesday, July 25th. Deutsche Bank AG restated a “buy” rating and issued a GBX 825 ($10.74) price objective on shares of Cineworld Group plc in a report on Tuesday, July 11th. Finally, Investec restated a “buy” rating and issued a GBX 825 ($10.74) price objective on shares of Cineworld Group plc in a report on Thursday, June 15th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of GBX 767.73 ($10.00).
Cineworld Group plc (LON:CINE) opened at 729.50 on Thursday. The firm has a 50-day moving average of GBX 693.32 and a 200 day moving average of GBX 675.59. The firm’s market cap is GBX 1.95 billion. Cineworld Group plc has a 52-week low of GBX 528.00 and a 52-week high of GBX 744.90.
In other Cineworld Group plc news, insider Moshe (Mooky) Greidinger sold 21,999 shares of the company’s stock in a transaction that occurred on Friday, June 23rd. The shares were sold at an average price of GBX 676 ($8.80), for a total value of £148,713.24 ($193,662.25). Insiders sold 48,399 shares of company stock valued at $32,752,924 in the last ninety days.
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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