Hollywood Bowl Group’s (BOWL) Buy Rating Reaffirmed at Berenberg Bank

Hollywood Bowl Group (LON:BOWL)‘s stock had its “buy” rating reiterated by stock analysts at Berenberg Bank in a research report issued to clients and investors on Tuesday, Marketbeat.com reports. They currently have a GBX 450 price objective on the stock. Berenberg Bank’s price target would suggest a potential upside of 80.36% from the company’s current price.

A number of other research analysts have also weighed in on the stock. Royal Bank Of Canada cut their target price on shares of Hollywood Bowl Group from GBX 420 to GBX 415 and set an “outperform” rating for the company in a research report on Monday, June 1st. Shore Capital Group reaffirmed a “buy” rating and issued a GBX 350 price target on shares of Hollywood Bowl Group in a research report on Friday, July 10th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Hollywood Bowl Group currently has a consensus rating of “Buy” and a consensus target price of GBX 397.75.

Hollywood Bowl Group Price Performance

LON BOWL opened at GBX 249.50 on Tuesday. The company has a current ratio of 0.71, a quick ratio of 1.62 and a debt-to-equity ratio of 149.86. The company has a fifty day simple moving average of GBX 270.73 and a 200 day simple moving average of GBX 268.75. The company has a market cap of £415.67 million, a P/E ratio of 12.57, a P/E/G ratio of 0.87 and a beta of 0.36. Hollywood Bowl Group has a 1 year low of GBX 227.50 and a 1 year high of GBX 312.

Hollywood Bowl Group declared that its board has approved a stock buyback plan on Wednesday, July 1st that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board of directors believes its shares are undervalued.

About Hollywood Bowl Group

Hollywood Bowl Group plc is a leading international leisure operator of ten-pin bowling and mini-golf centres, bringing families and friends together for affordable fun and safe, healthy competition.

Our unique purpose-led culture and proven investment-led strategy are enabling us to capitalise on the significant growth opportunities in the markets we operate in, and achieve strong returns on capital invested.

We are market leader in the UK and Canada, and one of the largest operators of ten-pin bowling centres in the world.