Cineplex Inc. (TSE:CGX) Receives C$18.71 Consensus Price Target from Analysts

Cineplex Inc. (TSE:CGX) has been assigned an average recommendation of “Moderate Buy” from the seven research firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is C$18.64.

Several research analysts have weighed in on the stock. Desjardins increased their price target on shares of Cineplex from C$52.00 to C$53.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Canaccord Genuity Group decreased their price target on shares of Cineplex from C$12.00 to C$11.50 in a research report on Wednesday. Scotiabank increased their price target on shares of Cineplex from C$10.00 to C$12.00 and gave the stock an “outperform” rating in a research report on Monday, August 12th. Royal Bank of Canada decreased their price target on shares of Cineplex from C$14.00 to C$13.00 in a research report on Wednesday, July 24th. Finally, TD Securities increased their price target on shares of Cineplex from C$14.00 to C$16.00 and gave the stock a “buy” rating in a research report on Friday, August 16th.

Cineplex Trading Up 1.5 %

Shares of CGX stock opened at C$10.76 on Wednesday. Cineplex has a 12-month low of C$7.10 and a 12-month high of C$11.16. The company has a current ratio of 0.36, a quick ratio of 0.22 and a debt-to-equity ratio of 30,533.69. The firm’s 50 day moving average is C$10.18 and its 200 day moving average is C$8.74. The stock has a market capitalization of C$685.20 million, a P/E ratio of -9.61, a P/E/G ratio of 0.30 and a beta of 2.75.

Cineplex (TSE:CGX) last issued its earnings results on Friday, August 9th. The company reported C($0.33) earnings per share (EPS) for the quarter. The company had revenue of C$277.34 million for the quarter, compared to the consensus estimate of C$283.90 million. Research analysts expect that Cineplex will post 1.0993852 earnings per share 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.