Cineworld Group plc (LON:CINE) insider Anthony Herbert Bloom acquired 839,704 shares of the company’s stock in a transaction that occurred on Sunday, March 22nd. The shares were acquired at an average price of GBX 28 ($0.37) per share, with a total value of £235,117.12 ($309,283.24).
Shares of CINE stock opened at GBX 57.50 ($0.76) on Friday. Cineworld Group plc has a twelve month low of GBX 18.29 ($0.24) and a twelve month high of GBX 322.30 ($4.24). The stock has a market capitalization of $787.69 million and a price-to-earnings ratio of 4.39. The stock has a fifty day simple moving average of GBX 127.16 and a two-hundred day simple moving average of GBX 192.31. The company has a current ratio of 0.30, a quick ratio of 0.27 and a debt-to-equity ratio of 266.09.
The company also recently announced a dividend, which will be paid on Friday, May 1st. Shareholders 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 dividend payout ratio is currently 1.53%.
A number of equities analysts recently issued reports on the company. UBS Group restated a “buy” rating on shares of Cineworld Group in a report on Monday, March 9th. Peel Hunt restated a “hold” rating on shares of Cineworld Group in a report on Tuesday, March 17th. Morgan Stanley upgraded Cineworld Group to an “equal weight” rating in a report on Thursday, February 13th. Peel Hunt restated a “buy” rating and set a GBX 300 ($3.95) price objective on shares of Cineworld Group in a report on Wednesday, January 8th. Finally, Canaccord Genuity dropped their price objective on Cineworld Group from GBX 355 ($4.67) to GBX 270 ($3.55) and set a “buy” rating for the company in a report on Friday, November 29th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price 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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