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Home / Stocks and Markets at Lows / Cineworld (CINE.L) 11-02-20

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Cineworld (CINE.L) 11-02-20

Cineworld (CINE.L) has fallen dramatically from recent highs of 242.7p. Will it continue, or is this an opportunity to pick up a bargain?

 

  • Now trading at 180.7p (at time of writing). A return to previous highs would represent a rise of 34%.
  • This stock is one of the most significant fallers in the period.
  • Is the trend your friend, or is a bounce imminent?
  • The market often over-reacts to bad news. Investors should consider whether it is down for good reason, or is this another over-reaction?
  • Investors seeking a bargain should be mindful of fundamentals and events, which can influence price action. Check our website and news outlets for updates.
  • Shares -43% from 12-month highs; +2% from 12 month lows.

Latest News

21 Jan:  Citigroup reiterates its buy rating on Cineworld Group (CINE) and increased the target price to 330p (from 300p).

16 Dec:  Cineworld announced it had reached a deal to acquire Cineplex, the biggest cinema business in Canada, for approximately $2.1bn.

12 Dec:  HSBC reiterates its buy rating on Cineworld Group (CINE) and reduced the target price to 325p (from 360p).

10 Dec:  Berenberg reiterates its buy rating on Cineworld Group (CINE) and reduced the target price to 300p (from 360p).

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

 

Click to enlarge

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