Cineplex Inc. (TSE:CGX – Get Free Report) has been assigned an average recommendation of “Moderate Buy” from the six analysts that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is C$12.88.
Several equities analysts have commented on the company. BMO Capital Markets increased their price target on Cineplex from C$11.50 to C$12.50 and gave the company a “market perform” rating in a report on Wednesday, March 6th. Scotiabank lowered their price target on Cineplex from C$11.00 to C$10.00 and set a “sector perform” rating on the stock in a report on Monday.
View Our Latest Research Report on CGX
Cineplex Stock Performance
Cineplex (TSE:CGX – Get Free Report) last announced its quarterly earnings results on Thursday, May 9th. The company reported C($0.56) EPS for the quarter, missing the consensus estimate of C($0.15) by C($0.41). The business had revenue of C$294.76 million during the quarter, compared to the consensus estimate of C$292.60 million. As a group, equities research analysts predict that Cineplex will post 0.4906231 earnings per share for the current year.
Insider Transactions at Cineplex
In other news, Senior Officer Gordon Nelson bought 10,000 shares of Cineplex stock in a transaction that occurred on Wednesday, March 20th. The stock was purchased at an average cost of C$7.47 per share, with a total value of C$74,700.00. 1.85% of the stock is currently owned by corporate insiders.
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.
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