UBS Group Reaffirms “Buy” Rating for Cineworld Group (LON:CINE)

Cineworld Group (LON:CINE)‘s stock had its “buy” rating reiterated by equities research analysts at UBS Group in a research note issued to investors on Friday, June 21st, Digital Look reports. They presently have a GBX 375 ($4.90) target price on the stock. UBS Group’s price objective would suggest a potential upside of 42.64% from the stock’s previous close.

A number of other analysts have also recently commented on the stock. Berenberg Bank reissued a “buy” rating and set a GBX 310 ($4.05) target price on shares of Ibstock in a research note on Thursday, May 23rd. Barclays reissued a “buy” rating on shares of Netflix in a research note on Thursday, May 16th. Jefferies Financial Group reissued a “buy” rating and set a GBX 1,453 ($18.99) target price on shares of in a research note on Tuesday, June 18th. Numis Securities reissued a “buy” rating and set a GBX 3,600 ($47.04) target price on shares of in a research note on Friday, June 14th. Finally, Canaccord Genuity cut shares of Cronos Group from a “hold” rating to a “sell” rating and set a C$17.00 target price for the company. in a research note on Wednesday, March 27th. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of GBX 385.67 ($5.04).

LON CINE traded up GBX 1.90 ($0.02) on Friday, reaching GBX 262.90 ($3.44). 3,029,411 shares of the company’s stock traded hands, compared to its average volume of 6,490,000. The stock has a market cap of $3.61 billion and a price-to-earnings ratio of 11.74. The business has a 50 day moving average of GBX 275.65. Cineworld Group has a fifty-two week low of GBX 246.20 ($3.22) and a fifty-two week high of GBX 325.40 ($4.25). The company has a debt-to-equity ratio of 118.40, a quick ratio of 0.52 and a current ratio of 0.64.

In other Cineworld Group news, insider Scott Rosenblum purchased 15,615 shares of the stock in a transaction that occurred on Tuesday, May 28th. The shares were purchased at an average cost of GBX 312 ($4.08) per share, for a total transaction of £48,718.80 ($63,659.74). Also, insider Arni Samuelsson purchased 9,500 shares of the stock in a transaction that occurred on Thursday, May 23rd. The shares were acquired at an average price of GBX 305 ($3.99) per share, for a total transaction 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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Analyst Recommendations for Cineworld Group (LON:CINE)

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