Cineplex Inc. (TSE:CGX) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Cineplex Inc. (TSE:CGX) has earned an average rating of “Moderate Buy” from the seven analysts that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is C$18.71.

CGX has been the subject of several recent analyst reports. 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. Canaccord Genuity Group dropped their price target on 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. Scotiabank increased their price target on Cineplex from C$10.00 to C$12.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. Royal Bank of Canada dropped their price target on Cineplex from C$14.00 to C$13.00 in a research note on Wednesday, July 24th. Finally, 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 note on Friday, August 16th.

Cineplex Stock Down 1.6 %

TSE CGX opened at C$10.78 on Wednesday. The business has a fifty day moving average price of C$10.06 and a two-hundred day moving average price of C$8.69. 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. Cineplex has a fifty-two week low of C$7.10 and a fifty-two week high of C$11.16. The stock has a market capitalization of C$686.47 million, a PE ratio of -9.63, a PEG ratio of 0.30 and a beta of 2.75.

Cineplex (TSE:CGX) last released its 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 analysts’ expectations of C$283.90 million. Equities analysts expect that Cineplex will post 1.0993852 earnings per share for the current fiscal 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.