JPMorgan Chase & Co. Cuts Cineworld Group (LON:CINE) Price Target to GBX 300

Cineworld Group (LON:CINE) had its target price cut by JPMorgan Chase & Co. from GBX 360 ($4.70) to GBX 300 ($3.92) in a report issued on Wednesday, Stock Target Advisor reports. They currently have an overweight rating on the stock.

Other analysts have also issued research reports about the stock. Goldman Sachs Group dropped their price objective on shares of Cineworld Group from GBX 295 ($3.85) to GBX 280 ($3.66) and set a buy rating on the stock in a research note on Wednesday. Morgan Stanley initiated coverage on shares of Cineworld Group in a research report on Wednesday, November 13th. They set an underweight rating and a GBX 200 ($2.61) target price on the stock. Peel Hunt restated a buy rating on shares of Cineworld Group in a research note on Tuesday, December 3rd. UBS Group reaffirmed a buy rating on shares of Cineworld Group in a report on Tuesday, December 3rd. Finally, Royal Bank of Canada reaffirmed a top pick rating and set a GBX 300 ($3.92) price target (down previously from GBX 400 ($5.23)) on shares of Cineworld Group in a research note on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Cineworld Group has an average rating of Buy and an average price target of GBX 324.67 ($4.24).

LON CINE opened at GBX 215 ($2.81) on Wednesday. The company has a quick ratio of 0.37, a current ratio of 0.39 and a debt-to-equity ratio of 219.99. Cineworld Group has a fifty-two week low of GBX 190.70 ($2.49) and a fifty-two week high of GBX 322.30 ($4.21). The business has a 50 day moving average price of GBX 214.07 and a two-hundred day moving average price of GBX 241.19. The stock has a market cap of $2.95 billion and a PE ratio of 10.80.

The firm also recently disclosed a dividend, which will be paid on Friday, January 10th. Shareholders of record on Thursday, December 12th will be paid a dividend of $0.04 per share. The ex-dividend date is Thursday, December 12th. This represents a yield of 1.41%. Cineworld Group’s dividend payout ratio (DPR) is presently 0.85%.

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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Analyst Recommendations for Cineworld Group (LON:CINE)

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