Cineworld Group (CINE)

Sector:

Tourism and Leisure Services

Index:

FTSE 250

190.35p
   
  • Change Today:
    -0.15p
  • 52 Week High: 321.00
  • 52 Week Low: 189.15
  • Currency: UK Pounds
  • Shares Issued: 1,371.95m
  • Volume: 493,651
  • Market Cap: £2,611.51m
  • RiskGrade: 167

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 190.35p
Change Today -0.15p
% Change -0.08 %
52 Week High 321.00
52 Week Low 189.15
Volume 493,651
Shares Issued 1,371.95m
Market Cap £2,611.51m
RiskGrade 167

Cineworld Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
86.01% above the market average86.01% above the market average86.01% above the market average86.01% above the market average86.01% 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
Price Trend
64.78% below the market average64.78% below the market average64.78% below the market average64.78% below the market average64.78% below the market average
66.67% below the sector average66.67% below the sector average66.67% below the sector average66.67% below the sector average66.67% below the sector average
Income
91.33% above the market average91.33% above the market average91.33% above the market average91.33% above the market average91.33% above the market average
95.24% above the sector average95.24% above the sector average95.24% above the sector average95.24% above the sector average95.24% above the sector average
Growth
97.75% above the market average97.75% above the market average97.75% above the market average97.75% above the market average97.75% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average

What The Brokers Say

Strong Buy 10
Buy 0
Neutral 1
Sell 0
Strong Sell 1
Total 12
strong_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 20-Jan-2020

Time Volume / Share Price
10:17 955 @ 190.35p
10:17 190 @ 190.35p
10:17 2 @ 190.35p
10:17 507 @ 190.35p
10:17 216 @ 190.35p

Cineworld Group Key Personnel

Chair Anthony Herbert Bloom
CEO Moshe (Mooky) Greidinger

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