Cineplex (TSE:CGX) Reaches New 12-Month High at $10.59

Cineplex Inc. (TSE:CGX) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$10.59 and last traded at C$10.53, with a volume of 289778 shares trading hands. The stock had previously closed at C$10.43.

Analyst Ratings Changes

Several brokerages have issued reports on CGX. TD Securities lifted 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. Desjardins boosted their target price on Cineplex from C$52.00 to C$53.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Canaccord Genuity Group lowered their target price on Cineplex from C$12.50 to C$12.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. Royal Bank of Canada reduced their price target on Cineplex from C$14.00 to C$13.00 in a research report on Wednesday, July 24th. Finally, Scotiabank raised their price objective on Cineplex from C$10.00 to C$12.00 and gave the company an “outperform” rating in a report on Monday, August 12th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Cineplex has a consensus rating of “Moderate Buy” and an average target price of C$18.71.

Cineplex Trading Up 1.2 %

The stock has a market cap of C$671.82 million, a P/E ratio of -9.41, a PEG ratio of 0.30 and a beta of 2.74. The firm’s fifty day moving average price is C$8.71 and its two-hundred day moving average price is C$8.21. The company has a debt-to-equity ratio of 30,533.69, a current ratio of 0.41 and a quick ratio of 0.22.

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.