Cineworld Group (CINE) Sets New 12-Month Low at $534.00
Cineworld Group plc (LON:CINE) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 534 ($7.15) and last traded at GBX 550 ($7.37), with a volume of 2302635 shares traded. The stock had previously closed at GBX 550 ($7.37).
Several research firms have recently issued reports on CINE. Numis Securities reaffirmed a “hold” rating and set a GBX 750 ($10.04) price objective on shares of Cineworld Group in a research report on Thursday, August 10th. Peel Hunt reaffirmed an “add” rating and set a GBX 775 ($10.38) price objective on shares of Cineworld Group in a research report on Wednesday, August 16th. Canaccord Genuity lifted their price objective on shares of Cineworld Group from GBX 630 ($8.44) to GBX 700 ($9.37) and gave the stock a “hold” rating in a research report on Thursday, August 10th. Investec reaffirmed a “buy” rating and set a GBX 825 ($11.05) price objective on shares of Cineworld Group in a research report on Thursday, November 23rd. Finally, J P Morgan Chase & Co reissued an “overweight” rating and issued a GBX 780 ($10.45) price target on shares of Cineworld Group in a research report on Thursday. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of GBX 774.17 ($10.37).
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Cineworld Group 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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