Hollywood Bowl Group (LON:BOWL) Stock Rating Reaffirmed as “Buy” by Berenberg Bank

Hollywood Bowl Group (LON:BOWL)‘s stock had its “buy” rating reiterated by investment analysts at Berenberg Bank in a report released on Tuesday, Marketbeat.com reports. They presently have a GBX 450 price objective on the stock. Berenberg Bank’s price objective indicates a potential upside of 81.82% from the stock’s previous close.

A number of other research analysts also recently commented on the stock. Royal Bank Of Canada decreased their price objective on shares of Hollywood Bowl Group from GBX 420 to GBX 415 and set an “outperform” rating for the company in a research report on Monday, June 1st. Shore Capital Group reaffirmed a “buy” rating and set a GBX 350 price target on shares of Hollywood Bowl Group in a report on Friday, July 10th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of GBX 397.75.

Hollywood Bowl Group Stock Down 0.4%

Hollywood Bowl Group stock traded down GBX 1 during midday trading on Tuesday, reaching GBX 247.50. The stock had a trading volume of 804,653 shares, compared to its average volume of 2,030,159. The firm’s fifty day simple moving average is GBX 268.58 and its 200-day simple moving average is GBX 268.65. The company has a debt-to-equity ratio of 149.86, a quick ratio of 1.62 and a current ratio of 0.71. The stock has a market capitalization of £412.34 million, a P/E ratio of 12.47, a price-to-earnings-growth ratio of 0.87 and a beta of 0.36. Hollywood Bowl Group has a 1-year low of GBX 227.50 and a 1-year high of GBX 312.

Hollywood Bowl Group declared that its Board of Directors has initiated a share repurchase plan on Wednesday, July 1st that allows the company to repurchase 0 shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.

About Hollywood Bowl Group

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.