Shares of Hollywood Bowl Group plc (LON:BOWL – Get Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 270.04 and traded as low as GBX 263. Hollywood Bowl Group shares last traded at GBX 264.50, with a volume of 1,377,203 shares.
Analyst Ratings Changes
Several brokerages recently commented on BOWL. Royal Bank Of Canada cut their price objective on Hollywood Bowl Group from GBX 420 to GBX 415 and set an “outperform” rating for the company in a report on Monday, June 1st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 376 target price on shares of Hollywood Bowl Group in a report on Thursday, May 28th. Shore Capital Group reissued a “buy” rating and issued a GBX 350 target price on shares of Hollywood Bowl Group in a research report on Friday, July 10th. Finally, Berenberg Bank restated a “buy” rating and set a GBX 450 price target on shares of Hollywood Bowl Group in a research note on Friday, August 7th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Hollywood Bowl Group presently has a consensus rating of “Buy” and a consensus target price of GBX 397.75.
View Our Latest Research Report on BOWL
Hollywood Bowl Group Price Performance
Hollywood Bowl Group announced that its board has initiated a stock buyback plan on Wednesday, July 1st that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.
Hollywood Bowl Group Company Profile
Hollywood Bowl Group plc is a leading international leisure operator of ten-pin bowling and mini-golf centres, bringing families and friends together for affordable fun and safe, healthy competition.
Our unique purpose-led culture and proven investment-led strategy are enabling us to capitalise on the significant growth opportunities in the markets we operate in, and achieve strong returns on capital invested.
We are market leader in the UK and Canada, and one of the largest operators of ten-pin bowling centres in the world.
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