Cineworld Group plc (LON:CINE) announced a dividend on Thursday, March 14th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, June 13th will be paid a dividend of $0.10 per share on Friday, July 5th. 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. The official announcement can be accessed at this link.
Shares of LON CINE opened at GBX 289 ($3.78) on Wednesday. Cineworld Group has a twelve month low of GBX 243.80 ($3.19) and a twelve month high of GBX 325.40 ($4.25). The company has a quick ratio of 0.52, a current ratio of 0.64 and a debt-to-equity ratio of 118.40. The company has a market capitalization of $4.01 billion and a PE ratio of 12.90.
CINE has been the subject of a number of research analyst reports. Peel Hunt reiterated an “add” rating on shares of Cineworld Group in a report on Monday, February 25th. Barclays reiterated an “equal weight” rating and issued a GBX 315 ($4.12) price target on shares of Cineworld Group in a report on Thursday, May 16th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 390 ($5.10) price target on shares of Cineworld Group in a report on Thursday, March 7th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Cineworld Group in a report on Wednesday, May 15th. Finally, HSBC boosted their price target on Cineworld Group from GBX 370 ($4.83) to GBX 440 ($5.75) and gave the company a “buy” rating in a report on Monday, March 4th. Two research 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 company. Cineworld Group presently has an average rating of “Buy” and an average price target of GBX 379.56 ($4.96).
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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