Cineplex Inc. (TSE:CGX) Receives C$18.71 Average Price Target from Brokerages

Shares of Cineplex Inc. (TSE:CGX) have earned a consensus recommendation of “Moderate Buy” from the seven brokerages that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is C$18.71.

A number of brokerages have recently commented on CGX. Scotiabank boosted their price target on Cineplex from C$10.00 to C$12.00 and gave the stock an “outperform” rating in a research report 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 report on Wednesday, July 24th. Desjardins boosted their price objective on shares of Cineplex from C$52.00 to C$53.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Canaccord Genuity Group boosted their price objective on shares of Cineplex from C$11.50 to C$12.00 in a report on Thursday, October 17th. Finally, TD Securities boosted their price objective on shares of Cineplex from C$14.00 to C$16.00 and gave the stock a “buy” rating in a report on Friday, August 16th.

Cineplex Stock Performance

Shares of CGX opened at C$10.30 on Friday. The company has a quick ratio of 0.22, a current ratio of 0.36 and a debt-to-equity ratio of 30,533.69. The business’s 50 day moving average price is C$10.55 and its 200-day moving average price is C$9.02. Cineplex has a 52 week low of C$7.10 and a 52 week high of C$11.16. The stock has a market cap of C$655.90 million, a P/E ratio of -9.23, a P/E/G ratio of 0.30 and a beta of 2.74.

Cineplex (TSE:CGX) last issued its quarterly earnings results on Friday, August 9th. The company reported C($0.33) EPS for the quarter. The firm had revenue of C$277.34 million during the quarter, compared to analysts’ expectations of C$283.90 million. Equities research analysts anticipate that Cineplex will post 1.0754912 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.