Cineworld Group plc (CINE) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Cineworld Group plc (LON:CINE) have received an average rating of “Buy” from the ten brokerages that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is GBX 781.67 ($10.41).

A number of brokerages have commented on CINE. Peel Hunt reissued a “buy” rating on shares of Cineworld Group in a report on Monday, March 12th. Numis Securities reissued a “buy” rating on shares of Cineworld Group in a report on Wednesday, May 16th. Deutsche Bank reissued a “buy” rating on shares of Cineworld Group in a report on Wednesday, April 18th. Canaccord Genuity reissued a “buy” rating on shares of Cineworld Group in a report on Thursday, March 15th. Finally, Berenberg Bank reissued a “buy” rating on shares of Cineworld Group in a report on Tuesday, May 1st.

In other news, insider Nisan Cohen sold 1,399 shares of the company’s stock in a transaction that occurred on Friday, May 11th. The stock was sold at an average price of GBX 259 ($3.45), for a total value of £3,623.41 ($4,824.14). Also, insider Alicja Kornasiewicz bought 25,000 shares of Cineworld Group stock in a transaction dated Friday, March 16th. The stock was acquired at an average cost of GBX 248 ($3.30) per share, with a total value of £62,000 ($82,545.60).

CINE traded up GBX 5.40 ($0.07) during midday trading on Thursday, reaching GBX 250.40 ($3.33). 2,977,260 shares of the company were exchanged, compared to its average volume of 6,490,000. Cineworld Group has a one year low of GBX 210.15 ($2.80) and a one year high of GBX 329.42 ($4.39).

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.

Analyst Recommendations for Cineworld Group (LON:CINE)

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