Cineworld Group (LON:CINE) was upgraded by analysts at Numis Securities to a “buy” rating in a research report issued to clients and investors on Thursday. The firm presently has a GBX 825 ($11.03) price target on the stock. Numis Securities’ price objective would indicate a potential upside of 39.95% from the stock’s current price.
A number of other equities analysts have also recently commented on the company. Deutsche Bank reaffirmed a “buy” rating and issued a GBX 825 ($11.03) price target on shares of Cineworld Group in a research note on Wednesday, November 29th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 800 ($10.70) price target on shares of Cineworld Group in a research note on Thursday, November 30th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 780 ($10.43) price target on shares of Cineworld Group in a research note on Thursday, November 30th. Peel Hunt cut Cineworld Group to a “hold” rating and decreased their price target for the stock from GBX 725 ($9.69) to GBX 600 ($8.02) in a research note on Tuesday, December 5th. Finally, Canaccord Genuity reiterated a “hold” rating and issued a GBX 700 ($9.36) price objective on shares of Cineworld Group in a research report on Thursday, November 23rd. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of GBX 755.42 ($10.10).
Cineworld Group (CINE) opened at GBX 589.50 ($7.88) on Thursday. The company has a market capitalization of $1,610.00 and a P/E ratio of 1,637.50. Cineworld Group has a 12 month low of GBX 508.50 ($6.80) and a 12 month high of GBX 744.90 ($9.96).
About Cineworld Group
Cineworld Group plc is a United Kingdom-based international cinema chain. The Company operates in approximately nine countries. The Company operates through two segments: UK and Ireland, and Central and Eastern Europe and Israel (CEE & I). The Company has approximately 220 cinemas with over 2,010 screens.
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