Cineworld Group (LON:CINE) had its price target cut by Goldman Sachs Group from GBX 315 ($4.12) to GBX 295 ($3.85) in a research report sent to investors on Monday, Stock Target Advisor reports. They currently have a buy rating on the stock.
A number of other research analysts also recently issued reports on the stock. Berenberg Bank reiterated a buy rating and set a GBX 360 ($4.70) target price on shares of Cineworld Group in a research report on Wednesday, September 4th. Peel Hunt restated a buy rating on shares of Cineworld Group in a research note on Tuesday, November 12th. Morgan Stanley assumed coverage on shares of Cineworld Group in a research note on Wednesday, November 13th. They set an underweight rating and a GBX 200 ($2.61) price target for the company. Royal Bank of Canada restated a top pick rating and set a GBX 400 ($5.23) price target on shares of Cineworld Group in a research note on Friday, August 9th. Finally, Barclays restated an equal weight rating and set a GBX 315 ($4.12) price target on shares of Cineworld Group in a research note on Wednesday, November 13th. One analyst has rated the stock with a sell rating, one has issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. Cineworld Group currently has an average rating of Buy and an average price target of GBX 353 ($4.61).
Shares of Cineworld Group stock traded up GBX 8.25 ($0.11) during trading on Monday, reaching GBX 199.25 ($2.60). 7,909,483 shares of the company traded hands, compared to its average volume of 6,490,000. The company has a debt-to-equity ratio of 219.99, a current ratio of 0.39 and a quick ratio of 0.37. Cineworld Group has a 1-year low of GBX 204 ($2.67) and a 1-year high of GBX 322.30 ($4.21). The company has a 50 day moving average price of GBX 219.84 and a 200-day moving average price of GBX 250.96. The firm has a market capitalization of $2.72 billion and a PE ratio of 10.01.
The firm also recently declared a dividend, which will be paid on Friday, January 10th. Shareholders of record on Thursday, December 12th will be paid a dividend of $0.04 per share. The ex-dividend date of this dividend is Thursday, December 12th. This represents a yield of 1.41%. Cineworld Group’s dividend payout ratio (DPR) is presently 0.85%.
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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