Berenberg Bank Reaffirms “Buy” Rating for Hollywood Bowl Group (LON:BOWL)
by Amy Steele · The Cerbat GemHollywood Bowl Group (LON:BOWL – Get Free Report)‘s stock had its “buy” rating reissued by Berenberg Bank in a report released on Wednesday, Digital Look reports. They presently have a GBX 450 target price on the stock. Berenberg Bank’s price objective points to a potential upside of 78.93% from the company’s previous close.
Separately, Shore Capital Group restated a “buy” rating and set a GBX 350 price target on shares of Hollywood Bowl Group in a report on Friday, July 10th. Four analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of GBX 397.75.
Get Our Latest Stock Analysis on BOWL
Hollywood Bowl Group Stock Performance
Shares of Hollywood Bowl Group stock opened at GBX 251.50 on Wednesday. The company has a quick ratio of 1.62, a current ratio of 0.71 and a debt-to-equity ratio of 149.86. Hollywood Bowl Group has a twelve month low of GBX 227.50 and a twelve month high of GBX 312. The stock has a market cap of £419.03 million, a price-to-earnings ratio of 12.67, a P/E/G ratio of 0.87 and a beta of 0.36. The company’s fifty day moving average is GBX 264.86 and its 200 day moving average is GBX 268.75.
Hollywood Bowl Group announced that its board has approved a stock repurchase program on Wednesday, July 1st that allows the company to repurchase 0 shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Share buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.
Hollywood Bowl Group Company Profile
Hollywood Bowl Group plc is a leading international leisure operator of ten-pin bowling and mini-golf centres, bringing families and friends together for affordable fun and safe, healthy competition.
Our unique purpose-led culture and proven investment-led strategy are enabling us to capitalise on the significant growth opportunities in the markets we operate in, and achieve strong returns on capital invested.
We are market leader in the UK and Canada, and one of the largest operators of ten-pin bowling centres in the world.