Shares of Cineplex Inc. (TSE:CGX – Get Free Report) have been given a consensus rating of “Moderate Buy” by the seven ratings firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is C$18.71.
CGX has been the topic of a number of research reports. Scotiabank upped their price objective on Cineplex from C$10.00 to C$12.00 and gave the company an “outperform” rating in a report on Monday, August 12th. TD Securities upped their price target on shares of Cineplex from C$14.00 to C$16.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Royal Bank of Canada dropped their price objective on shares of Cineplex from C$14.00 to C$13.00 in a research note on Wednesday, July 24th. Canaccord Genuity Group boosted their price objective on shares of Cineplex from C$11.50 to C$12.00 in a report on Thursday. Finally, Desjardins raised their target price on shares of Cineplex from C$52.00 to C$53.00 and gave the stock a “buy” rating in a report on Thursday, August 1st.
Check Out Our Latest Research Report on CGX
Cineplex Stock Performance
Cineplex (TSE:CGX – Get Free Report) last issued its quarterly earnings data on Friday, August 9th. The company reported C($0.33) earnings per share (EPS) for the quarter. The firm had revenue of C$277.34 million during the quarter, compared to the consensus estimate of C$283.90 million. On average, sell-side analysts anticipate that Cineplex will post 1.0754912 EPS for the current year.
Cineplex Company Profile
Cineplex Inc, together with its subsidiaries, operates as an entertainment and media company in Canada and internationally. It operates through three segments: Film Entertainment and Content, Media, and Location-Based Entertainment. The company engages in theatre exhibitions and food service activities; and provision of alternative programming service comprising international film programming, as well as content offered under the Event Cinema brand, including The Metropolitan Opera, sporting events, concerts, and dedicated event screens.
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