Cineplex Inc. (TSE:CGX – Get Free Report) 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.
Read Our Latest Report on Cineplex
Cineplex Stock Down 1.6 %
Cineplex (TSE:CGX – Get Free Report) 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.
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