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Home / Stocks and Markets at Lows / Cineworld (CINE.L) 13-11-19

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

Cineworld (CINE.L) 13-11-19

Cineworld (CINE.L) has fallen dramatically from recent highs of 321.0p. Will it continue, or is this an opportunity to pick up a bargain?

 

  • Now trading at 210p (at time of writing). A return to previous highs would represent a rise of 52%.
  • 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 -34% from 12-month highs; +0% from 12 month lows.

Latest News

28 Oct:  Cineworld stated that it had appointed Helen Weir as a non-Executive Director.  Weir was formerly the CFO of Marks & Spencer.

12 Sep:  UBS reiterates its buy rating on Cineworld Group (CINE) and reduced the target price to 345p (from 375p).

08 Aug:  Cineworld posted profit decline on reduced revenues in H1, due to the timing of film releases in the period.

31 Jul:  Peel Hunt has upgraded its rating on Cineworld Group (CINE) to buy (from add) and reduced the target price to 300p (from 320p).

13 Jun:  Cineworld announced that it has completed another sale and leaseback deal on 18 US-based multi-screen cinemas (255 screens), for $270m.

 

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

 

Click to enlarge

This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.


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