Cineplex (TSE:CGX) had its price target increased by equities research analysts at National Bank Financial from C$35.00 to C$36.00 in a research report issued to clients and investors on Tuesday, October 16th. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s price objective suggests a potential upside of 3.78% from the company’s previous close. National Bank Financial also issued estimates for Cineplex’s Q3 2018 earnings at $0.30 EPS, FY2018 earnings at $1.47 EPS and FY2019 earnings at $1.59 EPS.
Other analysts also recently issued research reports about the company. Canaccord Genuity decreased their price target on Cineplex from C$33.00 to C$32.00 in a research note on Monday, August 13th. CIBC increased their target price on Cineplex from C$32.00 to C$32.50 in a research note on Monday, August 13th. Royal Bank of Canada increased their target price on Cineplex from C$36.00 to C$37.00 and gave the company an “outperform” rating in a research note on Monday, August 13th. Finally, Raymond James decreased their target price on Cineplex from C$39.00 to C$36.00 and set an “outperform” rating for the company in a research note on Monday, August 13th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of C$35.75.
Shares of CGX traded down C$0.64 during trading hours on Tuesday, hitting C$34.69. 355,800 shares of the company were exchanged, compared to its average volume of 276,250. Cineplex has a 52 week low of C$27.56 and a 52 week high of C$39.99. The company has a current ratio of 0.42, a quick ratio of 0.31 and a debt-to-equity ratio of 86.19.
Cineplex Inc, through its subsidiaries, operates as an entertainment and media company in Canada and internationally. It operates through three segments: Film Entertainment and Content, Media, and Amusement and Leisure. The Film Entertainment and Content segment operates film theatres; and provides food and in-theatre amusement services, as well as rents theatre and digital commerce.
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