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

Cineplex Inc. (TSE:CGX) has been given an average rating of “Moderate Buy” by the seven brokerages that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$18.64.

Several research firms have weighed in on CGX. Royal Bank of Canada dropped their target price on shares of Cineplex from C$14.00 to C$13.00 in a research report on Wednesday, July 24th. TD Securities boosted their price objective 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 raised 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. Canaccord Genuity Group dropped their price target on Cineplex from C$12.00 to C$11.50 in a research note on Wednesday, September 25th. Finally, Scotiabank raised their price objective on Cineplex from C$10.00 to C$12.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th.

Cineplex Stock Down 2.6 %

Cineplex stock opened at C$10.53 on Wednesday. Cineplex has a 1-year low of C$7.10 and a 1-year high of C$11.16. The business has a fifty day moving average price of C$10.21 and a 200-day moving average price of C$8.77. The company has a debt-to-equity ratio of 30,533.69, a current ratio of 0.36 and a quick ratio of 0.22. The stock has a market capitalization of C$670.55 million, a price-to-earnings ratio of -9.40, a PEG ratio of 0.30 and a beta of 2.75.

Cineplex (TSE:CGX) last issued its quarterly earnings results on Friday, August 9th. The company reported C($0.33) earnings per share for the quarter. The business had revenue of C$277.34 million during the quarter, compared to analyst estimates of C$283.90 million. Equities research analysts forecast that Cineplex will post 1.0749251 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.