Cineworld Group (LON:CINE)‘s stock had its “buy” rating reiterated by Berenberg Bank in a note issued to investors on Thursday, ThisIsMoney.Co.Uk reports.
Several other research firms have also commented on CINE. JPMorgan Chase & Co. restated an “overweight” rating on shares of Cineworld Group in a research report on Wednesday, May 15th. Peel Hunt restated an “add” rating on shares of Cineworld Group in a research report on Thursday, March 14th. Barclays upped their price objective on Cineworld Group from GBX 305 ($3.99) to GBX 315 ($4.12) and gave the stock an “equal weight” rating in a research report on Friday, March 15th. Royal Bank of Canada restated a “top pick” rating and issued a GBX 400 ($5.23) price objective (up previously from GBX 350 ($4.57)) on shares of Cineworld Group in a research report on Friday, March 15th. Finally, HSBC upped 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 note on Monday, March 4th. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Cineworld Group presently has an average rating of “Buy” and a consensus price target of GBX 379.56 ($4.96).
Cineworld Group stock opened at GBX 308.60 ($4.03) on Thursday. The company has a debt-to-equity ratio of 118.40, a quick ratio of 0.52 and a current ratio of 0.64. Cineworld Group has a 12 month low of GBX 241.80 ($3.16) and a 12 month high of GBX 325.40 ($4.25). The company has a market capitalization of $4.23 billion and a price-to-earnings ratio of 13.78.
In related news, insider Israel Greidinger sold 121,968 shares of the stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of GBX 302 ($3.95), for a total value of £368,343.36 ($481,305.84). Also, insider Arni Samuelsson acquired 9,500 shares of Cineworld Group stock in a transaction that occurred on Thursday, May 23rd. The stock was purchased at an average cost of GBX 305 ($3.99) per share, with a total value of £28,975 ($37,860.97).
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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