Shares of Cineplex Inc. (TSE:CGX – Get Free Report) have received an average recommendation of “Moderate Buy” from the seven analysts that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is C$18.14.
Several equities research analysts recently issued reports on the company. Scotiabank lowered their price objective on Cineplex from C$11.00 to C$10.00 and set a “sector perform” rating on the stock in a report on Monday, June 17th. Canaccord Genuity Group lowered their price objective on Cineplex from C$12.50 to C$12.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. Desjardins lifted their price objective on Cineplex from C$52.00 to C$53.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, Royal Bank of Canada lowered their price objective on Cineplex from C$14.00 to C$13.00 in a report on Wednesday, July 24th.
Get Our Latest Stock Report on Cineplex
Cineplex Price Performance
Cineplex (TSE:CGX – Get Free Report) last posted its earnings results on Thursday, May 9th. The company reported C($0.56) EPS for the quarter, missing analysts’ consensus estimates of C($0.15) by C($0.41). The firm had revenue of C$294.76 million during the quarter, compared to analysts’ expectations of C$292.60 million. As a group, equities analysts expect that Cineplex will post 0.4906231 EPS for the current fiscal year.
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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