Cineworld Group (LON:CINE) was downgraded by research analysts at Peel Hunt to a “hold” rating in a research note issued to investors on Tuesday. They presently have a GBX 600 ($8.08) price target on the stock, down from their prior price target of GBX 725 ($9.76). Peel Hunt’s price objective would indicate a potential upside of 14.29% from the stock’s current price.
A number of other research analysts also recently issued reports on the company. Deutsche Bank restated a “buy” rating and set a GBX 825 ($11.10) price target on shares of Cineworld Group in a report on Wednesday, November 29th. Numis Securities restated a “buy” rating and set a GBX 825 ($11.10) price target on shares of Cineworld Group in a report on Tuesday, November 28th. Canaccord Genuity restated a “hold” rating and set a GBX 700 ($9.42) price target on shares of Cineworld Group in a report on Thursday, November 23rd. J P Morgan Chase & Co restated an “overweight” rating and set a GBX 780 ($10.50) price target on shares of Cineworld Group in a report on Thursday, November 30th. Finally, N+1 Singer reiterated a “buy” rating and set a GBX 770 ($10.36) target price on shares of Cineworld Group in a report on Monday, November 20th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of GBX 763.75 ($10.28).
Shares of Cineworld Group (CINE) opened at GBX 525 ($7.07) on Tuesday. Cineworld Group has a 52 week low of GBX 508.50 ($6.84) and a 52 week high of GBX 744.90 ($10.03).
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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