Cineworld Group (CINE) Stock Rating Reaffirmed by Barclays

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Barclays reaffirmed their equal weight rating on shares of Cineworld Group (LON:CINE) in a research report sent to investors on Thursday, Digital Look reports. Barclays currently has a GBX 315 ($4.12) target price on the stock.

A number of other brokerages have also issued reports on CINE. Peel Hunt restated an add rating on shares of Cineworld Group in a research report on Monday, February 25th. Jefferies Financial Group restated a buy rating and set a GBX 390 ($5.10) target price on shares of Cineworld Group in a research report on Thursday, March 7th. JPMorgan Chase & Co. restated an overweight rating on shares of Cineworld Group in a research report on Wednesday. HSBC raised their target price on shares of Cineworld Group from GBX 370 ($4.83) to GBX 440 ($5.75) and gave the stock a buy rating in a research report on Monday, March 4th. Finally, Royal Bank of Canada restated a top pick rating on shares of Cineworld Group in a research report on Friday, February 1st. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of Buy and an average target price of GBX 379.56 ($4.96).

LON CINE traded down GBX 1.40 ($0.02) during mid-day trading on Thursday, reaching GBX 303.10 ($3.96). 2,100,889 shares of the stock were exchanged, compared to its average volume of 6,490,000. Cineworld Group has a 1-year low of GBX 241.80 ($3.16) and a 1-year high of GBX 325.40 ($4.25). The firm has a market cap of $4.16 billion and a P/E ratio of 13.53. The company has a debt-to-equity ratio of 118.40, a quick ratio of 0.52 and a current ratio of 0.64.

The business also recently declared a dividend, which will be paid on Friday, July 5th. Shareholders of record on Thursday, June 13th will be issued a $0.10 dividend. This represents a dividend yield of 2.56%. The ex-dividend date is Thursday, June 13th. This is a positive change from Cineworld Group’s previous dividend of $0.05. Cineworld Group’s dividend payout ratio (DPR) is 0.58%.

About Cineworld Group

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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Analyst Recommendations for Cineworld Group (LON:CINE)

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