Cineplex (TSE:CGX) Price Target Increased to C$12.00 by Analysts at Canaccord Genuity Group

Cineplex (TSE:CGX) had its price target upped by investment analysts at Canaccord Genuity Group from C$11.50 to C$12.00 in a note issued to investors on Thursday, BayStreet.CA reports. Canaccord Genuity Group’s price target would suggest a potential upside of 14.72% from the company’s previous close.

CGX has been the subject of several other reports. TD Securities increased their price target on Cineplex from C$14.00 to C$16.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Royal Bank of Canada reduced their price objective on shares of Cineplex from C$14.00 to C$13.00 in a research note on Wednesday, July 24th. Scotiabank lifted their price objective on shares of Cineplex from C$10.00 to C$12.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. Finally, Desjardins upped their target price on Cineplex from C$52.00 to C$53.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$18.71.

Cineplex Stock Up 0.4 %

Shares of CGX stock traded up C$0.04 during trading on Thursday, reaching C$10.46. The company’s stock had a trading volume of 146,036 shares, compared to its average volume of 351,699. The company has a market cap of C$666.09 million, a price-to-earnings ratio of -9.34, a price-to-earnings-growth ratio of 0.30 and a beta of 2.74. Cineplex has a one year low of C$7.10 and a one year high of C$11.16. The business has a fifty day moving average price of C$10.49 and a 200-day moving average price of C$8.98. 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 issued its quarterly earnings results on Friday, August 9th. The company reported C($0.33) EPS for the quarter. The business had revenue of C$277.34 million for the quarter, compared to analysts’ expectations of C$283.90 million. Analysts anticipate 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.