Ratings Don’t Lie: HSBC Maintains Cineworld Group PLC (LON:CINE) As “Buy”; Has Price Objective Of GBX 720.00

November 28, 2016 - By Ruchi Gupta

Cineworld Group PLC (LON:CINE) Rating

London: In a research note sent to investors and clients on 28 November, HSBC maintained their “Buy” rating on shares of Cineworld Group PLC (LON:CINE). They currently have a GBX 720.00 target price per share on the company. HSBC’s target suggests a potential upside of 32.78% from the company’s stock close price.

Cineworld Group plc (LON:CINE) Ratings Coverage

Out of 12 analysts covering Cineworld Group PLC (LON:CINE), 11 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 92% are positive. GBX 720 is the highest target while GBX 500 is the lowest. The GBX 643.17 average target is 17.58% above today’s (GBX 547) stock price. Cineworld Group PLC has been the topic of 83 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The stock of Cineworld Group plc (LON:CINE) earned “Buy” rating by Citigroup on Monday, September 7. J.P. Morgan maintained Cineworld Group plc (LON:CINE) on Monday, November 2 with “Overweight” rating. On Friday, February 19 the stock rating was maintained by Canaccord Genuity with “Hold”. The firm has “Sell” rating by Canaccord Genuity given on Tuesday, November 24. The rating was maintained by Numis Securities with “Add” on Tuesday, January 12. The company was maintained on Tuesday, January 12 by Canaccord Genuity. The stock has “Buy” rating given by Peel Hunt on Thursday, August 11. The firm earned “Add” rating on Thursday, March 10 by Numis Securities. The stock of Cineworld Group plc (LON:CINE) has “Buy” rating given on Thursday, August 13 by Canaccord Genuity. The firm has “Hold” rating by Numis Securities given on Monday, November 16.

About 65,770 shares traded hands. Cineworld Group plc (LON:CINE) has risen 0.83% since April 28, 2016 and is uptrending. It has underperformed by 5.18% the S&P500.

Cineworld Group plc is a United Kingdom international cinema chain. The company has a market cap of 1.46 billion GBP. The Firm operates in approximately nine countries. It has a 21.27 P/E ratio. The Firm operates through two divisions: UK and Ireland, and Central and Eastern Europe and Israel .

More recent Cineworld Group plc (LON:CINE) news were published by: Fool.Co.Uk which released: “Why Cineworld Group plc, Burberry Group plc And AstraZeneca plc Could Beat The …” on March 10, 2016. Also Fool.Co.Uk published the news titled: “My biggest investing regrets so far: Cineworld Group plc, Greggs plc and ARM …” on June 01, 2016. Fool.Co.Uk‘s news article titled: “3 Bargain Basement Stocks? Glencore PLC, Cineworld Group plc And Pennon Group plc” with publication date: January 12, 2016 was also an interesting one.

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