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

Cineplex (TSE:CGX) had its target price raised by Canaccord Genuity Group from C$11.50 to C$12.00 in a report released on Thursday morning, BayStreet.CA reports.

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

Cineplex Trading Down 1.1 %

Shares of CGX opened at C$10.34 on Thursday. The firm has a market cap of C$658.45 million, a price-to-earnings ratio of -9.23, a PEG ratio of 0.30 and a beta of 2.74. 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. Cineplex has a fifty-two week low of C$7.10 and a fifty-two week high of C$11.16. The firm has a 50 day moving average price of C$10.55 and a 200-day moving average price of C$9.01.

Cineplex (TSE:CGX) last posted its quarterly earnings results on Friday, August 9th. The company reported C($0.33) 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. As a group, equities research analysts forecast that Cineplex will post 1.0754912 earnings per share 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.