Cineworld Group plc (LON:CINE) Receives Buy Rating from Deutsche Bank AG

Cineworld Group plc (LON:CINE)‘s stock had its “buy” rating reiterated by analysts at Deutsche Bank AG in a research report issued to clients and investors on Tuesday, July 11th, MarketBeat reports. They currently have a GBX 825 ($10.74) target price on the stock. Deutsche Bank AG’s target price would suggest a potential upside of 15.47% from the stock’s current price.

A number of other analysts also recently weighed in on CINE. HSBC Holdings plc reissued a “buy” rating and set a GBX 720 ($9.38) price target on shares of Cineworld Group plc in a research report on Thursday, March 16th. Canaccord Genuity raised their price target on shares of Cineworld Group plc from GBX 550 ($7.16) to GBX 630 ($8.20) and gave the stock a “hold” rating in a research report on Wednesday, March 22nd. J P Morgan Chase & Co reissued an “overweight” rating and set a GBX 720 ($9.38) price target on shares of Cineworld Group plc in a research report on Friday, March 24th. Barclays PLC reissued an “overweight” rating and set a GBX 720 ($9.38) price target on shares of Cineworld Group plc in a research report on Monday, March 27th. Finally, Citigroup Inc. restated a “buy” rating and set a GBX 785 ($10.22) price objective on shares of Cineworld Group plc in a research note on Monday, April 10th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of GBX 756.82 ($9.86).

Shares of Cineworld Group plc (LON CINE) traded down 0.28% during trading on Tuesday, reaching GBX 714.50. 246,796 shares of the company traded hands. The stock’s market capitalization is GBX 1.91 billion. Cineworld Group plc has a 52 week low of GBX 528.00 and a 52 week high of GBX 744.90. The firm has a 50 day moving average of GBX 693.07 and a 200 day moving average of GBX 674.81.

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In related news, insider Moshe (Mooky) Greidinger sold 15,400 shares of Cineworld Group plc stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of GBX 679 ($8.84), for a total value of £104,566 ($136,171.38). Insiders sold a total of 48,399 shares of company stock worth $32,752,924 in the last three months.

About Cineworld Group plc

Cineworld Group plc is a United Kingdom-based international cinema chain. The Company operates in approximately nine countries. The Company operates through two segments: UK and Ireland, and Central and Eastern Europe and Israel (CEE & I). The Company has approximately 220 cinemas with over 2,010 screens.

Analyst Recommendations for Cineworld Group plc (LON:CINE)

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