Trading Report: Today, Cineworld Group plc (CINE) Price Target Increased to GBX 550 by Analysts at Canaccord Genuity

Today, Cineworld Group plc (CINE) Price Target Increased to GBX 550 by Analysts at Canaccord Genuity

Cineworld Group plc (LON:CINE) had its price target lifted by Canaccord Genuity from GBX 520 ($6.50) to GBX 550 ($6.87) in a research report sent to investors on Monday. They currently have a hold rating on the stock.

CINE has been the subject of several other reports. HSBC started coverage on Cineworld Group plc in a report on Thursday, November 3rd. They set a buy rating and a GBX 720 ($9.00) target price for the company. Investec reaffirmed a buy rating and set a GBX 685 ($8.56) price target on shares of Cineworld Group plc in a research report on Tuesday, November 15th. JPMorgan Chase & Co. upped their price target on Cineworld Group plc from GBX 610 ($7.62) to GBX 640 ($8.00) and gave the company an overweight rating in a research report on Monday, August 8th. Barclays PLC reaffirmed an overweight rating and set a GBX 665 ($8.31) price target on shares of Cineworld Group plc in a research report on Friday, September 16th. Finally, Peel Hunt reaffirmed a buy rating and set a GBX 650 ($8.12) price target on shares of Cineworld Group plc in a research report on Thursday, August 11th. Two research 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 target price of GBX 642.55 ($8.03).

Cineworld Group plc (LON:CINE) opened at 544.50 on Monday. Cineworld Group plc has a 12 month low of GBX 454.70 and a 12 month high of GBX 618.00. The stock’s market cap is GBX 1.45 billion. The company’s 50 day moving average price is GBX 550.32 and its 200 day moving average price is GBX 561.58.

In related news, insider Scott Rosenblum purchased 6,500 shares of the business’s stock in a transaction that occurred on Monday, November 21st. The shares were bought at an average price of GBX 677 ($8.46) per share, for a total transaction of £44,005 ($54,978.76).

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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