Cineworld Group (LON:CINE) Upgraded to Equal weight by Morgan Stanley
Morgan Stanley upgraded shares of Cineworld Group (LON:CINE) to an equal weight rating in a research report report published on Thursday, Stock Target Advisor reports.
Several other research firms have also recently weighed in on CINE. Goldman Sachs Group decreased their target price on Cineworld Group from GBX 295 ($3.88) to GBX 280 ($3.68) and set a buy rating for the company in a research note on Wednesday, December 4th. Peel Hunt restated a buy rating on shares of Cineworld Group in a research note on Thursday. Jefferies Financial Group restated a buy rating and set a GBX 445 ($5.85) target price on shares of Cineworld Group in a research note on Friday, November 22nd. Royal Bank of Canada reaffirmed a top pick rating and set a GBX 300 ($3.95) price target (down previously from GBX 400 ($5.26)) on shares of Cineworld Group in a research report on Tuesday, November 26th. Finally, Barclays reaffirmed an equal weight rating and set a GBX 315 ($4.14) price target on shares of Cineworld Group in a research report on Wednesday, November 13th. Two equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of Buy and a consensus price target of GBX 306.92 ($4.04).
CINE stock traded down GBX 1.30 ($0.02) during trading on Thursday, hitting GBX 181.45 ($2.39). 2,786,996 shares of the company’s stock were exchanged, compared to its average volume of 6,490,000. The business has a 50-day moving average price of GBX 195.56 and a two-hundred day moving average price of GBX 216.21. The stock has a market capitalization of $2.49 billion and a price-to-earnings ratio of 9.12. Cineworld Group has a 52-week low of GBX 175 ($2.30) and a 52-week high of GBX 322.30 ($4.24). The company has a current ratio of 0.39, a quick ratio of 0.37 and a debt-to-equity ratio of 219.99.
Cineworld Group Company Profile
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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