Today: Cineworld Group plc (CINE) Rating Reiterate by HSBC

Today: Cineworld Group plc (CINE) Rating Reiterate by HSBC

Cineworld Group plc (LON:CINE)‘s stock had its “buy” rating reiterated by analysts at HSBC in a research report issued on Monday. They currently have a GBX 720 ($8.93) target price on the stock. HSBC’s price target would indicate a potential upside of 31.98% from the company’s current price.

A number of other equities research analysts have also commented on CINE. Peel Hunt reaffirmed a “buy” rating and set a GBX 650 ($8.06) price target on shares of Cineworld Group plc in a research report on Thursday, August 11th. Canaccord Genuity increased their price objective on Cineworld Group plc from GBX 520 ($6.45) to GBX 550 ($6.82) and gave the stock a “hold” rating in a report on Monday, November 21st. Barclays PLC reiterated an “overweight” rating and set a GBX 665 ($8.25) price objective on shares of Cineworld Group plc in a report on Friday, September 16th. JPMorgan Chase & Co. increased their price objective on Cineworld Group plc from GBX 610 ($7.57) to GBX 640 ($7.94) and gave the stock an “overweight” rating in a report on Monday, August 8th. Finally, Investec reiterated a “buy” rating and set a GBX 685 ($8.50) price objective on shares of Cineworld Group plc in a report on Tuesday, November 15th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of GBX 642.55 ($7.97).

Cineworld Group plc (LON:CINE) traded down 0.09% during midday trading on Monday, reaching GBX 545.50. The company had a trading volume of 302,178 shares. The company’s 50-day moving average is GBX 548.64 and its 200 day moving average is GBX 561.91. The company’s market cap is GBX 1.45 billion. Cineworld Group plc has a 52-week low of GBX 454.70 and a 52-week high of GBX 618.00.

In other Cineworld Group plc news, insider Scott Rosenblum bought 6,500 shares of Cineworld Group plc stock in a transaction dated Monday, November 21st. The stock was bought at an average cost of GBX 677 ($8.40) per share, for a total transaction of £44,005 ($54,590.00).

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