Anthony Herbert Bloom Acquires 839,704 Shares of Cineworld Group plc (LON:CINE) Stock

Cineworld Group plc (LON:CINE) insider Anthony Herbert Bloom purchased 839,704 shares of the stock in a transaction dated Sunday, March 22nd. The shares were purchased at an average price of GBX 28 ($0.37) per share, for a total transaction of £235,117.12 ($309,283.24).

Shares of LON CINE opened at GBX 53.36 ($0.70) on Thursday. The company has a quick ratio of 0.27, a current ratio of 0.30 and a debt-to-equity ratio of 266.09. The stock has a market capitalization of $731.99 million and a price-to-earnings ratio of 4.07. The stock’s fifty day simple moving average is GBX 127.16 and its 200 day simple moving average is GBX 192.31. Cineworld Group plc has a 52-week low of GBX 18.29 ($0.24) and a 52-week high of GBX 322.30 ($4.24).

The business also recently announced a dividend, which will be paid on Friday, May 1st. Investors of record on Thursday, April 9th will be issued a $0.04 dividend. This represents a dividend yield of 5.03%. This is a boost from Cineworld Group’s previous dividend of $0.04. The ex-dividend date of this dividend is Thursday, April 9th. Cineworld Group’s payout ratio is presently 1.53%.

Several brokerages have recently issued reports on CINE. UBS Group reiterated a “buy” rating on shares of Cineworld Group in a research report on Monday, March 9th. Berenberg Bank reiterated a “buy” rating on shares of Cineworld Group in a research report on Thursday, January 23rd. Goldman Sachs Group lowered their price target 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. Citigroup cut Cineworld Group to a “neutral” rating in a research report on Friday, March 6th. Finally, Peel Hunt reiterated a “hold” rating on shares of Cineworld Group in a research report on Tuesday, March 17th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Cineworld Group currently has an average rating of “Buy” and an average price target of GBX 299.23 ($3.94).

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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