B.Riley Financial Reaffirms Their Buy Rating on National Cinemedia (NCMI)

By Ryan Adsit

B.Riley Financial analyst Eric Wold maintained a Buy rating on National Cinemedia (NCMIResearch Report) on March 24 and set a price target of $6.00. The company’s shares closed last Thursday at $4.50.

According to TipRanks.com, Wold is a 5-star analyst with an average return of 27.0% and a 62.6% success rate. Wold covers the Services sector, focusing on stocks such as Dolby Laboratories, Cinemark Holdings, and AMC Entertainment.

National Cinemedia has an analyst consensus of Moderate Buy, with a price target consensus of $5.25, representing a 14.9% upside. In a report issued on March 10, Barrington also reiterated a Buy rating on the stock with a $5.50 price target.

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National Cinemedia’s market cap is currently $357.1M and has a P/E ratio of -5.40. The company has a Price to Book ratio of -0.32.

Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of NCMI in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

National CineMedia, Inc. is a holding company. It engages in the provision of advertising, business meetings, event services, and third-party theatre circuits under network affiliate agreements. The firm owns and operates the digital in-theatre network, which is used to distribute content for its advertising promotions, Fathom Events. National CineMedia was founded on October 5, 2006 and is headquartered in Centennial, CO.