Cineworld (LON:CINE) has received a consensus recommendation of “Buy” from the twelve research firms that are presently covering the firm, MarketBeat.com reports. Twelve investment analysts have rated the stock with a buy rating. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is GBX 766 ($10.75).
Several equities analysts have commented on CINE shares. Numis Securities reissued a “buy” rating on shares of Cineworld in a research report on Friday, March 2nd. JPMorgan Chase reissued an “overweight” rating on shares of Cineworld in a research report on Thursday, January 18th. Deutsche Bank reissued a “buy” rating on shares of Cineworld in a research report on Friday, March 16th. Peel Hunt reissued a “buy” rating on shares of Cineworld in a research report on Monday, March 12th. Finally, Berenberg Bank dropped their target price on shares of Cineworld from GBX 800 ($11.23) to GBX 700 ($9.83) and set a “buy” rating on the stock in a research report on Friday, December 15th.
In related news, insider Nisan Cohen sold 1,450 shares of Cineworld stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of GBX 538 ($7.55), for a total value of £7,801 ($10,950.31). Also, insider Alicja Kornasiewicz purchased 25,000 shares of the stock in a transaction that occurred on Friday, March 16th. The stock was bought at an average cost of GBX 248 ($3.48) per share, for a total transaction of £62,000 ($87,029.76).
The business also recently declared a dividend, which will be paid on Friday, July 6th. Investors of record on Thursday, June 7th will be issued a GBX 3.10 ($0.04) dividend. The ex-dividend date is Thursday, June 7th. This represents a dividend yield of 1.25%.
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Cineworld Group plc engages in the operation of cinemas. 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 brand names.
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