Royal Bank of Canada reissued their top pick rating on shares of Cineworld Group (LON:CINE) in a research report sent to investors on Friday morning, Digital Look reports. They currently have a GBX 400 ($5.23) price objective on the stock.
Several other analysts also recently weighed in on the company. Jefferies Financial Group reissued a buy rating and issued a GBX 445 ($5.81) target price on shares of Cineworld Group in a report on Tuesday, June 18th. Peel Hunt reissued a buy rating on shares of Cineworld Group in a report on Thursday, August 8th. Barclays reissued an equal weight rating and issued a GBX 315 ($4.12) target price on shares of Cineworld Group in a report on Friday. Canaccord Genuity reissued a buy rating and issued a GBX 355 ($4.64) target price on shares of Cineworld Group in a report on Friday, June 21st. Finally, Berenberg Bank reissued a buy rating and issued a GBX 360 ($4.70) target price on shares of Cineworld Group in a report on Monday, August 5th. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Cineworld Group has a consensus rating of Buy and an average price target of GBX 377.10 ($4.93).
Cineworld Group stock opened at GBX 236.50 ($3.09) on Friday. Cineworld Group has a fifty-two week low of GBX 233.90 ($3.06) and a fifty-two week high of GBX 325.40 ($4.25). The company has a debt-to-equity ratio of 118.40, a current ratio of 0.64 and a quick ratio of 0.52. The stock has a market cap of $3.24 billion and a P/E ratio of 10.56. The firm has a 50-day moving average price of GBX 251.63.
In other Cineworld Group news, insider Israel Greidinger sold 121,968 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of GBX 302 ($3.95), for a total transaction of £368,343.36 ($481,305.84). Also, insider Arni Samuelsson acquired 9,500 shares of Cineworld Group stock in a transaction on Thursday, May 23rd. The shares were bought 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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