Cineworld Group plc was founded in 1995 and is now one of the leading cinema groups in Europe. Originally a private company, it re-registered as a public company in May 2006 and listed on the London Stock Exchange in May 2007. Currently, Cineworld Group plc is the only quoted UK cinema business.
In December 2012, the Group acquired the Picturehouse chain of cinemas consisting of 21 cinemas, and in February 2014, the combination with Cinema City completed, creating the second largest cinema business in Europe (by number of screens). The enlarged Group now has 217 sites and a total of 2,000 fully digital screens. Our portfolio includes four out of the ten highest grossing cinemas in the UK and Ireland. We pride ourselves on outstanding picture quality and atmospheric surround sound; the soft, deep-down comfort of our modern seating; the crunch of our popcorn; and, most importantly, the friendliest customer service around. All our sites are digital, and we are one of the market leaders in 3D, a format which will become increasingly important.
In 2014, Cineworld accounted for 82.9 million admissions, had revenues of £619.4 million and an Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) before exceptional items of £126.6 million.

Strange how only a week ago they were saying buy.


30 Oct Canaccord... 535.00 Sell

23 Oct Canaccord... 620.00 Buy

in another world, one might might accuse canaccord of "pump and dump" ..... how could one ever imagine such a thing?

Also IG index chart gives a 228 target

Interesting to see other broker views/notes

If they said take profits at 620 , that would make more sense

Investec target price is 660p. Still think this quarter with the films released will be very strong. 2015 should be record year at the box office.

I have to say Canaccord never fails to amaze me ,just look at the targets they put on QPP and then changed dramatically .

Agree Jimmy. Shares mag even gave a good write up this week.

This made me laugh for NEXT - 29 Oct Haitong... 5,500.00 Sell

Looking at the chart above, I wonder if Cannaccord target is based on this small gap to fill @ 531p. Clutching at straws? Strange behaviour by Cannaccord, to change their forecast within a week.

LATEST BROKER VIEWS

Date Broker New target Recomm.
30 Oct Canaccord... 535.00 Sell
23 Oct Investec 660.00 Buy
23 Oct Canaccord... 620.00 Buy
8 Oct JP Morgan... N/A Overweight
6 Oct Berenberg 650.00 Buy
7 Sep Citigroup 720.00 Buy
21 Aug Investec 660.00 Buy
18 Aug N+1 Singer 650.00 Buy
13 Aug Investec 600.00 Buy
13 Aug Canaccord... 540.00 Buy
Broker Recommendations for Cineworld Group

Good to see some more broker forecasts next week Chris. There was no great sell off on Friday, buys and sells pretty much equal.

Fingers crossed dc.

Cineworld-investors-left-shaken-stirred-City-broker-Canaccord-shoots-sentiment-sell-rating-cinema-groupl

Spectre-smashes-box-office-records-takes-80-4-million-week-release-biggest-UK-opening-TIMEl

2 Nov JP Morgan... 600.00 Overweight

Up your's Cannaccord analyst Nigel Parson

Just hope CINE has captured 9 out of 10 of the spectre viewers. :-))

i went to see spectre last night and confess i found it rather disappointing

Needs to bounce or 520p next stop.

Down on a broker re rating one day and still down on JP Morgan... 600.00 Overweight