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

Shares of Cineplex Inc. (TSE:CGX) have received an average recommendation of “Moderate Buy” from the seven brokerages that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is C$18.71.

Several research analysts have commented on CGX shares. TD Securities boosted their target price on Cineplex from C$14.00 to C$16.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Royal Bank of Canada lowered their price objective on Cineplex from C$14.00 to C$13.00 in a research note on Wednesday, July 24th. Scotiabank upped their price objective on Cineplex from C$10.00 to C$12.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. Canaccord Genuity Group upped their price objective on Cineplex from C$11.50 to C$12.00 in a research note on Thursday, October 17th. Finally, Desjardins upped their price objective on Cineplex from C$52.00 to C$53.00 and gave the company a “buy” rating in a research note on Thursday, August 1st.

Cineplex Stock Up 0.8 %

Shares of TSE CGX opened at C$10.28 on Thursday. 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 company has a market cap of C$654.63 million, a price-to-earnings ratio of -9.18, a PEG ratio of 0.30 and a beta of 2.74. Cineplex has a 12 month low of C$7.10 and a 12 month high of C$11.16. The stock has a 50-day moving average price of C$10.49 and a two-hundred day moving average price of C$9.35.

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.