Cineworld Group plc (LON:CINE) insider Scott Rosenblum bought 15,615 shares of the firm’s stock in a transaction on Tuesday, May 28th. The shares were purchased at an average price of GBX 312 ($4.08) per share, for a total transaction of £48,718.80 ($63,659.74).
Shares of LON CINE traded down GBX 10.40 ($0.14) during trading on Wednesday, reaching GBX 300.50 ($3.93). The company had a trading volume of 3,018,038 shares, compared to its average volume of 6,490,000. Cineworld Group plc has a twelve month low of GBX 241.80 ($3.16) and a twelve month high of GBX 325.40 ($4.25). The stock has a market cap of $4.12 billion and a price-to-earnings ratio of 13.42. The company has a quick ratio of 0.52, a current ratio of 0.64 and a debt-to-equity ratio of 118.40.
The business also recently declared a dividend, which will be paid on Friday, July 5th. Stockholders of record on Thursday, June 13th will be issued a $0.10 dividend. This represents a dividend yield of 2.56%. This is a boost from Cineworld Group’s previous dividend of $0.05. The ex-dividend date is Thursday, June 13th. Cineworld Group’s payout ratio is 0.58%.CINE has been the topic of a number of research analyst reports. Peel Hunt reiterated an “add” rating on shares of Cineworld Group in a research report on Monday, February 25th. Barclays reiterated an “equal weight” rating and set a GBX 315 ($4.12) target price on shares of Cineworld Group in a research report on Thursday, May 16th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 390 ($5.10) target price on shares of Cineworld Group in a research report on Thursday, March 7th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Cineworld Group in a research report on Wednesday, May 15th. Finally, HSBC boosted their target price on Cineworld Group from GBX 370 ($4.83) to GBX 440 ($5.75) and gave the stock a “buy” rating in a research report on Monday, March 4th. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of GBX 379.56 ($4.96).
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About Cineworld Group
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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