Cineworld Group (LON:CINE) had its price objective boosted by analysts at Berenberg Bank from GBX 340 ($4.44) to GBX 360 ($4.70) in a research note issued to investors on Friday, March 29th, Digital Look reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s target price indicates a potential upside of 15.50% from the company’s current price.
Several other research firms also recently commented on CINE. Jefferies Financial Group initiated coverage on Cineworld Group in a research report on Tuesday, January 22nd. They issued a “buy” rating and a GBX 390 ($5.10) target price on the stock. Peel Hunt restated an “add” rating on shares of Cineworld Group in a research note on Wednesday, March 27th. Canaccord Genuity upped their target price on Cineworld Group from GBX 350 ($4.57) to GBX 355 ($4.64) and gave the stock a “buy” rating in a research note on Wednesday, March 27th. Royal Bank of Canada restated a “top pick” rating on shares of Cineworld Group in a research note on Friday, February 1st. Finally, JPMorgan Chase & Co. upped their target price on Cineworld Group from GBX 340 ($4.44) to GBX 360 ($4.70) and gave the stock an “overweight” rating in a research note on Monday, March 18th. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of GBX 379.56 ($4.96).
Shares of Cineworld Group stock traded up GBX 3.70 ($0.05) during trading on Friday, reaching GBX 311.70 ($4.07). The stock had a trading volume of 2,322,656 shares, compared to its average volume of 6,490,000. The company has a debt-to-equity ratio of 118.40, a current ratio of 0.64 and a quick ratio of 0.61. The firm has a market cap of $4.27 billion and a price-to-earnings ratio of 13.92. Cineworld Group has a 52 week low of GBX 241.80 ($3.16) and a 52 week high of GBX 325.40 ($4.25).
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.
Further Reading: Moving Average – How it Helps Investors in Stock Selection
Receive News & Ratings for Cineworld Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cineworld Group and related companies with MarketBeat.com's FREE daily email newsletter.