Cineplex (TSE:CGX – Get Free Report) had its price objective cut by Canaccord Genuity Group from C$12.00 to C$11.50 in a report issued on Wednesday, BayStreet.CA reports. Canaccord Genuity Group’s target price would suggest a potential upside of 9.73% from the company’s previous close.
A number of other research firms have also recently weighed in on CGX. Scotiabank boosted their price target on Cineplex from C$10.00 to C$12.00 and gave the stock an “outperform” rating in a report on Monday, August 12th. TD Securities boosted their target price 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 decreased their price target on shares of Cineplex from C$14.00 to C$13.00 in a research note on Wednesday, July 24th. Finally, Desjardins boosted their price objective on shares of Cineplex from C$52.00 to C$53.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Cineplex has an average rating of “Moderate Buy” and a consensus price target of C$18.64.
Cineplex Price 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 company had revenue of C$277.34 million during the quarter, compared to analysts’ expectations of C$283.90 million. As a group, equities analysts anticipate that Cineplex will post 1.0993852 EPS for the current fiscal 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.
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