Peel Hunt Reiterates “Buy” Rating for Cineworld Group (LON:CINE)

Peel Hunt restated their buy rating on shares of Cineworld Group (LON:CINE) in a report published on Tuesday, January 7th, Digital Look reports. The brokerage currently has a GBX 300 ($3.95) price target on the stock.

Several other research analysts have also weighed in on the company. Goldman Sachs Group cut their target price on Cineworld Group from GBX 295 ($3.88) to GBX 280 ($3.68) and set a buy rating on the stock in a research report on Wednesday, December 4th. Canaccord Genuity cut their target price on Cineworld Group from GBX 355 ($4.67) to GBX 270 ($3.55) and set a buy rating on the stock in a research report on Friday, November 29th. UBS Group reaffirmed a buy rating on shares of Cineworld Group in a research report on Tuesday, December 17th. JPMorgan Chase & Co. cut their price objective on Cineworld Group from GBX 360 ($4.74) to GBX 300 ($3.95) and set an overweight rating on the stock in a research report on Wednesday, December 4th. Finally, Jefferies Financial Group reissued a buy rating and issued a GBX 445 ($5.85) price objective on shares of Cineworld Group in a research report on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of Buy and an average target price of GBX 305 ($4.01).

Shares of Cineworld Group stock traded down GBX 1.85 ($0.02) during trading hours on Tuesday, reaching GBX 192.15 ($2.53). 2,680,058 shares of the company’s stock were exchanged, compared to its average volume of 6,490,000. The company has a current ratio of 0.39, a quick ratio of 0.37 and a debt-to-equity ratio of 219.99. The firm has a market capitalization of $2.66 billion and a price-to-earnings ratio of 9.66. The company has a fifty day moving average of GBX 212.88 and a 200-day moving average of GBX 226.79. Cineworld Group has a 52-week low of GBX 188.40 ($2.48) and a 52-week high of GBX 322.30 ($4.24).

The firm also recently declared a dividend, which was paid on Friday, January 10th. Stockholders of record on Thursday, December 12th were issued a dividend of $0.04 per share. The ex-dividend date of this dividend was Thursday, December 12th. This represents a dividend yield of 1.41%. Cineworld Group’s dividend payout ratio (DPR) is presently 0.85%.

In other Cineworld Group news, insider Alicja Kornasiewicz purchased 43,000 shares of the firm’s stock in a transaction on Monday, December 23rd. The shares were purchased at an average price of GBX 227 ($2.99) per share, for a total transaction of £97,610 ($128,400.42). Also, insider Helen A. Weir purchased 4,127 shares of the firm’s stock in a transaction on Wednesday, December 18th. The stock was acquired at an average price of GBX 229 ($3.01) per share, for a total transaction of £9,450.83 ($12,432.03).

Cineworld Group Company Profile

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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