Cineplex (TSE:CGX) Reaches New 12-Month High at $11.05

Cineplex Inc. (TSE:CGX) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$11.05 and last traded at C$11.01, with a volume of 120113 shares. The stock had previously closed at C$10.89.

Analyst Ratings Changes

Several brokerages recently issued reports on CGX. Canaccord Genuity Group dropped their price objective on shares of Cineplex from C$12.50 to C$12.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. Desjardins upped their price target on Cineplex from C$52.00 to C$53.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. TD Securities lifted their price objective on Cineplex from C$14.00 to C$16.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Scotiabank upped their target price on 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 reduced their price target on 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 assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$18.71.

Cineplex Trading Up 0.9 %

The company’s 50 day simple moving average is C$9.97 and its 200 day simple moving average is C$8.63. 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 firm has a market cap of C$703.66 million, a price-to-earnings ratio of -9.87, a P/E/G 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 the consensus estimate of C$283.90 million. As a group, research analysts expect that Cineplex Inc. will post 1.0993852 earnings per share 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.