Peel Hunt Downgrades Cineworld (CINE) to Add

Cineworld (LON:CINE) was downgraded by stock analysts at Peel Hunt to an “add” rating in a research note issued on Wednesday.

CINE has been the topic of several other reports. Canaccord Genuity restated a “hold” rating and issued a GBX 700 ($9.50) price target on shares of Cineworld in a research report on Wednesday, January 17th. JPMorgan Chase restated an “overweight” rating on shares of Cineworld in a research report on Thursday, January 18th. Deutsche Bank restated a “buy” rating on shares of Cineworld in a research report on Wednesday, April 18th. Berenberg Bank restated a “buy” rating on shares of Cineworld in a research report on Tuesday, May 1st. Finally, Numis Securities reaffirmed a “buy” rating on shares of Cineworld in a report on Thursday, March 15th. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of GBX 756 ($10.26).

Cineworld opened at GBX 270.80 ($3.67) on Wednesday, according to Marketbeat Ratings. Cineworld has a 52-week low of GBX 210.15 ($2.85) and a 52-week high of GBX 329.42 ($4.47).

In related news, insider Nisan Cohen sold 1,399 shares of Cineworld stock in a transaction dated Friday, May 11th. The shares were sold at an average price of GBX 259 ($3.51), for a total transaction of £3,623.41 ($4,915.10). Also, insider Alicja Kornasiewicz purchased 25,000 shares of the business’s stock in a transaction that occurred on Friday, March 16th. The shares were purchased at an average cost of GBX 248 ($3.36) per share, with a total value of £62,000 ($84,102.01).

About Cineworld

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.

Analyst Recommendations for Cineworld (LON:CINE)

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