Cineworld Group (LON:CINE) Given “Buy” Rating at Peel Hunt

Peel Hunt reaffirmed their buy rating on shares of Cineworld Group (LON:CINE) in a research report released on Tuesday, ThisIsMoney.Co.Uk reports.

Several other research analysts have also recently commented on CINE. Berenberg Bank cut shares of Cineworld Group to a hold rating and reduced their target price for the stock from GBX 300 ($3.69) to GBX 70 ($0.86) in a report on Friday, March 27th. UBS Group restated a buy rating on shares of Cineworld Group in a report on Monday, March 9th. Morgan Stanley cut shares of Cineworld Group to an underweight rating and reduced their target price for the stock from GBX 180 ($2.22) to GBX 60 ($0.74) in a report on Monday, June 1st. JPMorgan Chase & Co. cut shares of Cineworld Group to a neutral rating and reduced their target price for the stock from GBX 300 ($3.69) to GBX 90 ($1.11) in a report on Monday, March 30th. Finally, Royal Bank of Canada restated an outperform rating and set a GBX 200 ($2.46) target price (down previously from GBX 300 ($3.69)) on shares of Cineworld Group in a report on Wednesday, March 11th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average target price of GBX 245.38 ($3.02).

Shares of CINE stock opened at GBX 60.54 ($0.75) on Tuesday. The firm has a fifty day moving average of GBX 73.18 and a 200-day moving average of GBX 119.79. The company has a quick ratio of 0.25, a current ratio of 0.30 and a debt-to-equity ratio of 266.09. Cineworld Group has a 12-month low of GBX 18.29 ($0.23) and a 12-month high of GBX 265.40 ($3.27). The company has a market capitalization of $830.59 million and a price-to-earnings ratio of 4.62.

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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