Cineplex Inc. (TSE:CGX – Get Free Report) 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.
Get Our Latest Stock Report on CGX
Cineplex Trading Up 1.2 %
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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