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Home / Support and Resistance / Cineworld (CINE.L) 16-01-20

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

Cineworld (CINE.L) 16-01-20

Are Cineworld (CINE.L) about to break below the 191p support zone, or recover again to 255p highs? (+32%)

 

  • The share price is close to 191p support. Shares are 192.3p (at time of writing).
  • The support has proven robust to date. Will it stand firm this time?
  • The shares have touched this level numerous times.
  • Check our website and news outlets for updates. Fundamental developments can affect the strength of support levels.
  • Shares -40% from 12-month highs; +0% from 12 month lows.

Latest News

16 Dec:  Cineworld has agreed to a takeover of Cineplex, the biggest cinema company in Canada. The deal is worth 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).

09 Dec:  UBS reiterates its buy rating on Cineworld Group (CINE) and reduced the target price to 325p (from 345p).

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

 

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