Cineplex (TSE:CGX) PT Raised to C$36.00 at National Bank Financial

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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 (TSE:CGX) last released its quarterly earnings results on Friday, August 10th. The company reported C$0.38 earnings per share (EPS) for the quarter. The company had revenue of C$409.05 million for the quarter, compared to the consensus estimate of C$414.80 million. As a group, equities research analysts forecast that Cineplex will post 1.54999989031985 earnings per share for the current year.

About Cineplex

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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Analyst Recommendations for Cineplex (TSE:CGX)

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