Brokerages Set Cineplex Inc. (TSE:CGX) Target Price at C$18.71

Shares of Cineplex Inc. (TSE:CGX) have earned a consensus recommendation of “Moderate Buy” from the seven analysts that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is C$18.71.

A number of brokerages have issued reports on CGX. Royal Bank of Canada dropped their target price on shares of Cineplex from C$14.00 to C$13.00 in a report on Wednesday, July 24th. Scotiabank increased their target price 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. Desjardins increased their target price 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. Canaccord Genuity Group increased their target price on shares of Cineplex from C$11.50 to C$12.00 in a report on Thursday, October 17th. Finally, TD Securities increased their target price 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.

Cineplex Trading Down 0.7 %

TSE CGX opened at C$10.24 on Friday. The stock has a market capitalization of C$652.08 million, a P/E ratio of -9.14, a P/E/G ratio of 0.30 and a beta of 2.74. Cineplex has a 52-week low of C$7.10 and a 52-week high of C$11.16. The firm has a 50-day moving average price of C$10.60 and a 200 day moving average price of C$9.08. The company has a quick ratio of 0.22, a current ratio of 0.36 and a debt-to-equity ratio of 30,533.69.

Cineplex (TSE:CGX) last posted its quarterly earnings results 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 for the quarter, compared to analysts’ expectations of C$283.90 million. Equities research analysts expect that Cineplex will post 1.0754912 EPS for the current year.

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.