Analysts Set Cineplex Inc. (TSE:CGX) PT at C$18.71

Shares of Cineplex Inc. (TSE:CGX) have been assigned a consensus rating of “Moderate Buy” from the seven research firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is C$18.71.

Several research firms recently issued reports on CGX. Canaccord Genuity Group lifted their price objective on Cineplex from C$11.50 to C$12.00 in a research note on Thursday, October 17th. TD Securities upped 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 report on Friday, August 16th. Scotiabank lifted 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 report on Monday, August 12th. 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 report on Thursday, August 1st. Finally, Royal Bank of Canada lowered their price objective on shares of Cineplex from C$14.00 to C$13.00 in a research report on Wednesday, July 24th.

Cineplex Stock Performance

Cineplex stock opened at C$10.13 on Thursday. The firm’s 50 day simple moving average is C$10.47 and its 200 day simple moving average is C$9.36. 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. Cineplex has a 1-year low of C$7.10 and a 1-year high of C$11.16. The firm has a market capitalization of C$645.08 million, a PE ratio of -9.04, a price-to-earnings-growth ratio of 0.30 and a beta of 2.74.

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.