Cineplex Inc. (TSE:CGX) Receives C$18.71 Consensus PT from Brokerages

Shares of Cineplex Inc. (TSE:CGX) have been given a consensus rating of “Moderate Buy” by the seven research firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is C$18.64.

Several research firms recently commented on CGX. Canaccord Genuity Group cut their price target on shares of Cineplex from C$12.00 to C$11.50 in a report on Wednesday, September 25th. Royal Bank of Canada reduced their target price on shares of Cineplex from C$14.00 to C$13.00 in a report on Wednesday, July 24th. Scotiabank increased their price target on Cineplex from C$10.00 to C$12.00 and gave the company an “outperform” rating in a report on Monday, August 12th. TD Securities raised their price objective on Cineplex from C$14.00 to C$16.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Finally, 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 report on Thursday, August 1st.

Cineplex Stock Up 1.5 %

Shares of CGX opened at C$10.76 on Wednesday. The firm has a market cap of C$685.20 million, a PE ratio of -9.61, a price-to-earnings-growth ratio of 0.30 and a beta of 2.75. 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 company’s fifty day moving average is C$10.18 and its two-hundred day moving average is C$8.75. Cineplex has a fifty-two week low of C$7.10 and a fifty-two week high of C$11.16.

Cineplex (TSE:CGX) last posted its quarterly earnings results on Friday, August 9th. The company reported C($0.33) earnings per share (EPS) for the quarter. The business had revenue of C$277.34 million during the quarter, compared to analysts’ expectations of C$283.90 million. Analysts forecast that Cineplex will post 1.0749251 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.