Cineplex Inc. (TSE:CGX – Get Free Report)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as C$10.59 and last traded at C$10.53, with a volume of 289778 shares traded. The stock had previously closed at C$10.43.
Analyst Ratings Changes
A number of equities research analysts have issued reports on the company. Canaccord Genuity Group decreased their target price on Cineplex from C$12.50 to C$12.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. Scotiabank upped their target price 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 objective on Cineplex from C$14.00 to C$13.00 in a research note on Wednesday, July 24th. Desjardins increased their price objective 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. Finally, TD Securities increased their price objective on Cineplex from C$14.00 to C$16.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$18.71.
Read Our Latest Research Report on CGX
Cineplex Stock Performance
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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