Cineplex (TSE:CGX) Price Target Raised to C$16.00

Cineplex (TSE:CGX) had its price target boosted by investment analysts at TD Securities from C$14.00 to C$16.00 in a research note issued to investors on Friday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price objective would indicate a potential upside of 52.24% from the stock’s previous close.

CGX has been the subject of a number of other research reports. Royal Bank of Canada reduced their price target on Cineplex from C$14.00 to C$13.00 in a report on Wednesday, July 24th. Scotiabank increased their price target on Cineplex from C$10.00 to C$12.00 and gave the stock an “outperform” rating in a research report on Monday. Canaccord Genuity Group dropped their price target on Cineplex from C$12.50 to C$12.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. Finally, Desjardins increased their price target on Cineplex from C$52.00 to C$53.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Cineplex has a consensus rating of “Moderate Buy” and a consensus price target of C$18.71.

Cineplex Stock Up 0.7 %

CGX traded up C$0.07 on Friday, reaching C$10.51. The company’s stock had a trading volume of 308,048 shares, compared to its average volume of 381,265. The stock has a market cap of C$669.28 million, a price-to-earnings ratio of -9.38, a price-to-earnings-growth ratio of 0.30 and a beta of 2.74. Cineplex has a 1 year low of C$7.10 and a 1 year high of C$10.52. 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. The business’s 50 day moving average is C$8.47 and its 200 day moving average is C$8.15.

Cineplex Company Profile

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.