Canaccord Genuity Group Increases Cineplex (TSE:CGX) Price Target to C$12.00

Cineplex (TSE:CGX) had its price objective lifted by equities research analysts at Canaccord Genuity Group from C$11.50 to C$12.00 in a report released on Thursday, BayStreet.CA reports. Canaccord Genuity Group’s target price would suggest a potential upside of 16.05% from the stock’s current price.

A number of other equities analysts also recently commented on the stock. TD Securities upped their price objective on shares of Cineplex from C$14.00 to C$16.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Desjardins upped their price objective on shares of Cineplex from C$52.00 to C$53.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Scotiabank increased their price target 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. Finally, Royal Bank of Canada cut their price target on shares of Cineplex from C$14.00 to C$13.00 in a report on Wednesday, July 24th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$18.71.

Cineplex Stock Down 1.1 %

Shares of Cineplex stock opened at C$10.34 on Thursday. The company has a market cap of C$658.45 million, a P/E ratio of -9.23, a PEG ratio of 0.30 and a beta of 2.74. The company has a debt-to-equity ratio of 30,533.69, a quick ratio of 0.22 and a current ratio of 0.36. Cineplex has a one year low of C$7.10 and a one year high of C$11.16. The firm has a fifty day moving average of C$10.55 and a two-hundred day moving average of C$9.01.

Cineplex (TSE:CGX) last announced its quarterly earnings data 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 the consensus estimate of C$283.90 million. On average, analysts forecast 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.