Hollywood Bowl Group plc (LON:BOWL - Get Free Report)'s stock price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 278.06 and traded as low as GBX 242.50. Hollywood Bowl Group shares last traded at GBX 246.50, with a volume of 571,267 shares traded.
Analyst Upgrades and Downgrades
Several brokerages have recently weighed in on BOWL. Shore Capital Group reiterated a "buy" rating and set a GBX 350 target price on shares of Hollywood Bowl Group in a research report on Friday, July 10th. Berenberg Bank restated a "buy" rating and set a GBX 450 price target on shares of Hollywood Bowl Group in a research note on Friday, August 7th. Royal Bank Of Canada cut their price target on shares of Hollywood Bowl Group from GBX 420 to GBX 415 and set an "outperform" rating for the company in a research note on Monday, June 1st. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a GBX 376 price objective on shares of Hollywood Bowl Group in a report on Thursday, May 28th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of GBX 397.75.
View Our Latest Research Report on Hollywood Bowl Group
Hollywood Bowl Group Price Performance
The stock has a fifty day moving average of GBX 278.06 and a two-hundred day moving average of GBX 269.48. The company has a current ratio of 0.71, a quick ratio of 1.62 and a debt-to-equity ratio of 149.86. The stock has a market capitalization of £410.68 million, a price-to-earnings ratio of 12.42, a PEG ratio of 0.87 and a beta of 0.36.
Hollywood Bowl Group declared that its Board of Directors has initiated a stock buyback program on Wednesday, July 1st that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company's leadership believes its shares are undervalued.
About Hollywood Bowl Group
(
Get Free Report)
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.
Further Reading
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