Cineworld Group (LON:CINE)‘s stock had its “top pick” rating restated by analysts at Royal Bank of Canada in a research note issued on Friday, Digital Look reports. They presently have a GBX 400 ($5.23) price target on the stock. Royal Bank of Canada’s target price points to a potential upside of 65.02% from the company’s current price.
Other equities analysts also recently issued research reports about the company. Berenberg Bank reiterated a “buy” rating and set a GBX 360 ($4.70) price target on shares of Cineworld Group in a research note on Monday, August 5th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Cineworld Group in a research note on Wednesday, May 15th. Barclays reiterated an “equal weight” rating and set a GBX 315 ($4.12) price target on shares of Cineworld Group in a research note on Friday. UBS Group reiterated a “buy” rating on shares of Cineworld Group in a research note on Thursday. Finally, Jefferies Financial Group reiterated a “buy” rating and set a GBX 445 ($5.81) price target on shares of Cineworld Group in a research note on Tuesday, June 18th. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of GBX 377.10 ($4.93).
CINE stock opened at GBX 242.40 ($3.17) on Friday. The firm has a market cap of $3.33 billion and a P/E ratio of 10.82. The company has a debt-to-equity ratio of 118.40, a current ratio of 0.64 and a quick ratio of 0.52. Cineworld Group has a 52-week low of GBX 233.90 ($3.06) and a 52-week high of GBX 325.40 ($4.25). The company’s 50-day moving average is GBX 252.45.In other news, insider Scott Rosenblum acquired 15,615 shares of the company’s stock in a transaction that occurred on Tuesday, May 28th. The shares were acquired at an average price of GBX 312 ($4.08) per share, for a total transaction of £48,718.80 ($63,659.74). Also, insider Israel Greidinger sold 121,968 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of GBX 302 ($3.95), for a total value of £368,343.36 ($481,305.84).
Cineworld Group Company Profile
Cineworld Group plc engages in the cinema business. It is also involved in cinema property leasing and screen advertising activities, as well as ticket booking, film distribution, finance, and software development operations. The company operates its cinema sites under the Cineworld Cinemas, Picturehouse, Cinema City, Yes Planet, and Rav-Chen brands.
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