Cineworld Group plc’s (CINE) Buy Rating Reaffirmed at Berenberg Bank

Berenberg Bank restated their buy rating on shares of Cineworld Group plc (LON:CINE) in a research report released on Thursday morning. The brokerage currently has a GBX 675 ($8.44) target price on the stock.

Other analysts also recently issued research reports about the stock. Numis Securities Ltd reaffirmed an add rating and set a GBX 615 ($7.69) target price on shares of Cineworld Group plc in a report on Wednesday, January 11th. Peel Hunt downgraded shares of Cineworld Group plc to an add rating and set a GBX 650 ($8.12) target price for the company. in a report on Tuesday, January 24th. Investec reaffirmed a buy rating and set a GBX 685 ($8.56) target price on shares of Cineworld Group plc in a report on Tuesday, November 15th. HSBC Holdings plc started coverage on shares of Cineworld Group plc in a report on Thursday, November 3rd. They set a buy rating and a GBX 720 ($9.00) target price for the company. Finally, N+1 Singer reiterated a buy rating and issued a GBX 635 ($7.94) price objective on shares of Cineworld Group plc in a research note on Wednesday, January 4th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of Buy and an average target price of GBX 663 ($8.29).

Analyst Recommendations for Cineworld Group plc (LON:CINE)

Shares of Cineworld Group plc (LON:CINE) opened at 629.50 on Thursday. The firm’s 50-day moving average is GBX 594.18 and its 200 day moving average is GBX 572.48. Cineworld Group plc has a 52 week low of GBX 466.84 and a 52 week high of GBX 649.00. The company’s market capitalization is GBX 1.67 billion.

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In related news, insider Scott Rosenblum acquired 6,500 shares of the stock in a transaction that occurred on Monday, November 21st. The stock was acquired at an average cost of GBX 677 ($8.46) per share, for a total transaction of £44,005 ($54,992.50).

Cineworld Group plc 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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