Cineworld Group (CINE)

Sector:

Tourism and Leisure Services

Index:

FTSE 250

51.94p
   
  • Change Today:
      0.56p
  • 52 Week High: 242.70
  • 52 Week Low: 21.38
  • Currency: UK Pounds
  • Shares Issued: 1,372.80m
  • Volume: 23,308,432
  • Market Cap: £713.03m
  • RiskGrade: 731

Canaccord lowers target price on Cineworld

By Iain Gilbert

Date: Friday 29 Nov 2019

LONDON (ShareCast) - (Sharecast News) - Analysts at Canaccord Genuity lowered their target price on theatre operator Cineworld from 355p to 270p on Friday, noting the rough ride for investors may not yet be over.
Canaccord said it had been "painful" being a Cineworld investor over the last nine months and warned that it may get worse in the short-term, as its financial performance was impacted by a film slate that failed to deliver.

The Canadian broker Cineworld's stock was now the most shorted in the FTSE 250 - with 18% of the stock out on loan.

However, the analysts said notable poor admissions years were not uncommon.

"Looking forward, Cineworld's self-help agenda for Regal should continue to kick in as the Unlimited card gains traction and as the refurbishment programme gains momentum," said Canaccord.

Canaccord retained its 'buy' recommendation for Cineworld but lowered its target price to imply a 34% upside.

"Our new 270p target price is pitched just above the median of its US peers but well above AMC and well below IMAX, the two outliers.

The analysts also highlighted that further share price weakness could be the catalyst for a bid from Global City Holdings - the investment vehicle for the Greidinger family.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Cineworld Group Market Data

Currency UK Pounds
Share Price 51.94p
Change Today 0.56p
% Change 1.09 %
52 Week High 242.70
52 Week Low 21.38
Volume 23,308,432
Shares Issued 1,372.80m
Market Cap £713.03m
RiskGrade 731

Cineworld Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
91.96% above the market average91.96% above the market average91.96% above the market average91.96% above the market average91.96% above the market average
85.71% above the sector average85.71% above the sector average85.71% above the sector average85.71% above the sector average85.71% above the sector average
Price Trend
96.76% below the market average96.76% below the market average96.76% below the market average96.76% below the market average96.76% below the market average
91.78% below the sector average91.78% below the sector average91.78% below the sector average91.78% below the sector average91.78% below the sector average
Income
89.93% above the market average89.93% above the market average89.93% above the market average89.93% above the market average89.93% above the market average
77.78% above the sector average77.78% above the sector average77.78% above the sector average77.78% above the sector average77.78% above the sector average
Growth
74.06% above the market average74.06% above the market average74.06% above the market average74.06% above the market average74.06% above the market average
85.51% above the sector average85.51% above the sector average85.51% above the sector average85.51% above the sector average85.51% above the sector average

What The Brokers Say

Strong Buy 4
Buy 0
Neutral 4
Sell 1
Strong Sell 1
Total 10
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Cineworld Group Dividends

  Latest Previous
  Special Q3
Ex-Div 20-Jun-19 12-Dec-19
Paid 05-Jul-19 10-Jan-20
Amount 20.27¢ 3.75¢

Trades for 13-Aug-2020

Time Volume / Share Price
16:50 2,218 @ 51.80p
16:54 1,264 @ 52.61p
16:35 1,020,146 @ 51.94p
16:29 687 @ 52.68p
16:29 1,490 @ 52.68p

Cineworld Group Key Personnel

CEO Moshe (Mooky) Greidinger
Chair Alicja Kornasiewicz
CFO Nisan Cohen

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