Cineplex (TSE:CGX) Hits New 52-Week High at $10.81

Cineplex Inc. (TSE:CGX) shares reached a new 52-week high on Thursday . The stock traded as high as C$10.81 and last traded at C$10.80, with a volume of 185167 shares changing hands. The stock had previously closed at C$10.71.

Analysts Set New Price Targets

A number of research analysts recently weighed in on CGX shares. Scotiabank increased their price objective on shares of Cineplex from C$10.00 to C$12.00 and gave the company an “outperform” rating in a research report on Monday, August 12th. Royal Bank of Canada cut their price target on Cineplex from C$14.00 to C$13.00 in a research note on Wednesday, July 24th. TD Securities increased their price objective on shares of Cineplex from C$14.00 to C$16.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Canaccord Genuity Group cut their target price on shares of Cineplex from C$12.50 to C$12.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. Finally, Desjardins lifted their price target on shares of Cineplex from C$52.00 to C$53.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$18.71.

Cineplex Trading Up 0.6 %

The company has a quick ratio of 0.22, a current ratio of 0.36 and a debt-to-equity ratio of 30,533.69. The stock has a market capitalization of C$697.30 million, a PE ratio of -9.78, a PEG ratio of 0.30 and a beta of 2.74. The stock’s 50 day moving average price is C$9.20 and its 200-day moving average price is C$8.34.

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.