Cineworld Group (LON:CINE) was downgraded by equities researchers at Peel Hunt to a “hold” rating in a research note issued on Tuesday, December 5th. They presently have a GBX 600 ($8.08) price objective on the stock, down from their previous price objective of GBX 725 ($9.76). Peel Hunt’s price objective would suggest a potential upside of 4.17% from the company’s current price.
A number of other equities analysts have also recently weighed in on CINE. Numis Securities reaffirmed a “hold” rating and set a GBX 750 ($10.09) price objective on shares of Cineworld Group in a research report on Thursday, August 10th. Investec reaffirmed a “buy” rating and set a GBX 825 ($11.10) price objective on shares of Cineworld Group in a research report on Thursday, November 23rd. Canaccord Genuity raised their price target on shares of Cineworld Group from GBX 630 ($8.48) to GBX 700 ($9.42) and gave the company a “hold” rating in a research report on Thursday, August 10th. N+1 Singer raised shares of Cineworld Group to a “buy” rating and raised their price target for the company from GBX 760 ($10.23) to GBX 770 ($10.36) in a research report on Thursday, August 10th. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 800 ($10.77) price target on shares of Cineworld Group in a research report on Thursday, November 30th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Cineworld Group presently has a consensus rating of “Buy” and an average price target of GBX 755.42 ($10.17).
Cineworld Group (LON:CINE) opened at GBX 576 ($7.75) on Tuesday. Cineworld Group has a 1 year low of GBX 508.50 ($6.84) and a 1 year high of GBX 744.90 ($10.03).
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Cineworld Group Company Profile
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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