Cineworld Group (OTCMKTS:CNNWF) had its price target trimmed by Morgan Stanley from 50.00 to 30.00 in a report issued on Wednesday, The Fly reports.
Separately, Jefferies Financial Group cut Cineworld Group from a buy rating to a hold rating in a research note on Tuesday, December 21st. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to MarketBeat, Cineworld Group has an average rating of Hold and a consensus target price of $30.00.
Shares of CNNWF stock opened at $0.56 on Wednesday. The business’s fifty day moving average is $0.62 and its 200 day moving average is $0.82. Cineworld Group has a twelve month low of $0.37 and a twelve month high of $1.77.
Cineworld Group plc engages in the cinema business. It is also involved in financing, retail, cinema property leasing, property, ticket booking, film distribution, advertising, general partner, and gift promotion activities. The company operates its cinema sites under the Regal, United Artists, Edwards theatres, Cineworld, Picturehouse, Cinema City, Yes Planet, and Rav-Chen brands.
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