Cineworld Group plc’s (CINE) “Overweight” Rating Reaffirmed at Barclays PLC

Barclays PLC reissued their overweight rating on shares of Cineworld Group plc (LON:CINE) in a research note released on Friday morning.

Other analysts have also issued research reports about the company. Peel Hunt reaffirmed an add rating and issued a GBX 675 ($8.78) target price on shares of Cineworld Group plc in a report on Thursday, March 9th. HSBC Holdings plc reissued a buy rating and set a GBX 720 ($9.37) price objective on shares of Cineworld Group plc in a report on Thursday, March 16th. Berenberg Bank reissued a buy rating and set a GBX 675 ($8.78) price objective on shares of Cineworld Group plc in a report on Tuesday, April 25th. Citigroup Inc reissued a buy rating and set a GBX 785 ($10.21) price objective on shares of Cineworld Group plc in a report on Monday, April 10th. Finally, N+1 Singer reissued a buy rating and set a GBX 650 ($8.46) price objective on shares of Cineworld Group plc in a report on Thursday, March 9th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of Buy and an average price target of GBX 745.45 ($9.70).

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The company also recently announced a dividend, which will be paid on Thursday, June 22nd. Stockholders of record on Thursday, May 25th will be given a dividend of GBX 13.80 ($0.18) per share. The ex-dividend date of this dividend is Thursday, May 25th. This represents a dividend yield of 2.13%. This is an increase from Cineworld Group plc’s previous dividend of $5.20.

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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