Cineplex (TSE:CGX) Price Target Raised to C$12.00 at Canaccord Genuity Group

Cineplex (TSE:CGX) had its price objective upped by Canaccord Genuity Group from C$11.50 to C$12.00 in a research report sent to investors on Thursday morning, BayStreet.CA reports.

Several other equities analysts have also recently issued reports on CGX. Scotiabank upped their target price on shares of Cineplex from C$10.00 to C$12.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. Desjardins increased their price objective on shares of Cineplex from C$52.00 to C$53.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Royal Bank of Canada lowered their price objective on shares of Cineplex from C$14.00 to C$13.00 in a research note on Wednesday, July 24th. Finally, TD Securities increased their price objective on shares of Cineplex from C$14.00 to C$16.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$18.71.

Cineplex Price Performance

CGX opened at C$10.34 on Thursday. The company has a debt-to-equity ratio of 30,533.69, a quick ratio of 0.22 and a current ratio of 0.36. The stock has a market capitalization of C$658.45 million, a P/E ratio of -9.23, a P/E/G ratio of 0.30 and a beta of 2.74. The company’s 50-day simple moving average is C$10.55 and its two-hundred day simple moving average is C$9.01. Cineplex has a 52-week low of C$7.10 and a 52-week high of C$11.16.

Cineplex (TSE:CGX) last posted its earnings results on Friday, August 9th. The company reported C($0.33) earnings per share (EPS) for the quarter. The business had revenue of C$277.34 million for the quarter, compared to analyst estimates of C$283.90 million. As a group, analysts predict that Cineplex will post 1.0754912 EPS for the current year.

About Cineplex

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.