Benchmark Co. Sticks to Its Buy Rating for National Cinemedia (NCMI)

In a report released today, Mike Hickey from Benchmark Co. reiterated a Buy rating on National Cinemedia (NCMI – Research Report), with a price target of $8.00. The company’s shares closed yesterday at $5.67.

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According to TipRanks, Hickey is a 2-star analyst with an average return of 0.0% and a 54.62% success rate. Hickey covers the Communication Services sector, focusing on stocks such as IMAX, Cinemark Holdings, and National Cinemedia.

National Cinemedia has an analyst consensus of Strong Buy, with a price target consensus of $7.50.

Based on National Cinemedia’s latest earnings release for the quarter ending December 26, the company reported a quarterly revenue of $86.3 million and a net profit of $24.7 million. In comparison, last year the company earned a revenue of $90.9 million and had a net profit of $23.7 million

Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of NCMI in relation to earlier this year. Last month, Blantyre Capital Ltd, a Major Shareholder at NCMI bought 480,290.00 shares for a total of $2,480,626.90.