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Cineworld Group plc 6.6% Potential Decrease Indicated by Morgan Stanley

Cineworld Group plc using EPIC/TICKER code (LON:CINE) has had its stock rating noted as ‘Initiates/Starts’ with the recommendation being set at ‘UNDERWEIGHT’ this morning by analysts at Morgan Stanley. Cineworld Group plc are listed in the Consumer Services sector within UK Main Market. Morgan Stanley have set their target price at 200 GBX on its stock. This now indicates the analyst believes there is a potential downside of -6.6% from today’s opening price of 214.1 GBX. Over the last 30 and 90 trading days the company share price has decreased 6.7 points and decreased 7.3 points respectively. The 52 week high for the share price is currently at 322.3 GBX while the year low stock price is currently 206 GBX.

Cineworld Group plc has a 50 day moving average of 229.25 GBX and a 200 day moving average of 266.04. There are currently 1,371,950,293 shares in issue with the average daily volume traded being 3,680,046. Market capitalisation for LON:CINE is £2,893,443,084 GBP.