Cineworld (CINE) Given Consensus Rating of “Buy” by Brokerages

Shares of Cineworld (LON:CINE) have earned an average recommendation of “Buy” from the twelve analysts that are currently covering the stock, Marketbeat reports. Twelve investment analysts have rated the stock with a buy recommendation. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is GBX 766 ($10.58).

Several equities analysts have recently issued reports on the stock. Numis Securities raised shares of Cineworld to a “buy” rating and set a GBX 825 ($11.40) price target for the company in a report on Thursday, January 4th. Peel Hunt reissued a “hold” rating and issued a GBX 600 ($8.29) price target on shares of Cineworld in a report on Friday, January 5th. Berenberg Bank decreased their price target on shares of Cineworld from GBX 800 ($11.05) to GBX 700 ($9.67) and set a “buy” rating for the company in a report on Friday, December 15th. Deutsche Bank reissued a “buy” rating and issued a GBX 825 ($11.40) price target on shares of Cineworld in a report on Tuesday, December 5th. Finally, JPMorgan Chase reissued an “overweight” rating and issued a GBX 780 ($10.78) price target on shares of Cineworld in a report on Wednesday, December 6th.

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In related news, insider Dean Roderick Moore bought 15,000 shares of Cineworld stock in a transaction that occurred on Monday, February 12th. The stock was purchased at an average cost of GBX 223 ($3.08) per share, with a total value of £33,450 ($46,214.42). Also, insider Alicja Kornasiewicz bought 25,000 shares of Cineworld stock in a transaction that occurred on Friday, March 16th. The stock was bought at an average cost of GBX 248 ($3.43) per share, with a total value of £62,000 ($85,659.02).

Shares of Cineworld stock remained flat at $GBX 235.80 ($3.26) on Friday. Cineworld has a 1-year low of GBX 210.15 ($2.90) and a 1-year high of GBX 329.42 ($4.55).

The business also recently announced a dividend, which will be paid on Friday, July 6th. Investors of record on Thursday, June 7th will be paid a GBX 3.10 ($0.04) dividend. This represents a yield of 1.25%. The ex-dividend date is Thursday, June 7th.

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About Cineworld

Cineworld Group plc engages in the operation of cinemas. 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 brand names.

Analyst Recommendations for Cineworld (LON:CINE)

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