Peel Hunt reiterated their buy rating on shares of Cineworld Group (LON:CINE) in a research report released on Tuesday morning, ThisIsMoney.Co.Uk reports.
Several other equities research analysts have also issued reports on CINE. UBS Group reiterated a buy rating and set a GBX 345 ($4.51) price target (down from GBX 375 ($4.90)) on shares of Cineworld Group in a report on Thursday, September 12th. Goldman Sachs Group cut their price objective on shares of Cineworld Group from GBX 315 ($4.12) to GBX 295 ($3.85) and set a buy rating on the stock in a research report on Monday, November 18th. HSBC reduced their target price on shares of Cineworld Group from GBX 380 ($4.97) to GBX 360 ($4.70) and set a buy rating for the company in a research note on Tuesday, November 26th. Canaccord Genuity dropped their price target on shares of Cineworld Group from GBX 355 ($4.64) to GBX 270 ($3.53) and set a buy rating on the stock in a research note on Friday, November 29th. Finally, Morgan Stanley started coverage on shares of Cineworld Group in a research note on Wednesday, November 13th. They set an underweight rating and a GBX 200 ($2.61) price target on the stock. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of GBX 324.67 ($4.24).
Shares of CINE stock opened at GBX 214.20 ($2.80) on Tuesday. The company has a debt-to-equity ratio of 219.99, a current ratio of 0.39 and a quick ratio of 0.37. Cineworld Group has a fifty-two week low of GBX 190.70 ($2.49) and a fifty-two week high of GBX 322.30 ($4.21). The stock’s 50-day moving average is GBX 214.27 and its two-hundred day moving average is GBX 241.63. The firm has a market cap of $2.94 billion and a P/E ratio of 10.76.
The company also recently declared a dividend, which will be paid on Friday, January 10th. Shareholders of record on Thursday, December 12th will be issued a dividend of $0.04 per share. This represents a yield of 1.41%. The ex-dividend date of this dividend is Thursday, December 12th. Cineworld Group’s dividend payout ratio (DPR) is 0.85%.
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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