Cineplex’s (CGX) “Outperform” Rating Reaffirmed at BMO Capital Markets

BMO Capital Markets reaffirmed their outperform rating on shares of Cineplex Inc (TSE:CGX) in a research note released on Monday morning. They currently have a C$58.00 target price on the stock.

Other analysts have also recently issued reports about the company. Royal Bank Of Canada upped their price objective on Cineplex from C$53.00 to C$54.00 and gave the stock a sector perform rating in a report on Wednesday, May 3rd. Scotiabank upped their price objective on Cineplex from C$59.00 to C$60.00 and gave the stock an outperform rating in a report on Wednesday, May 3rd. CIBC upped their price objective on Cineplex from C$54.00 to C$55.00 in a report on Wednesday, May 3rd. TD Securities reaffirmed a buy rating and set a C$60.00 price objective on shares of Cineplex in a report on Monday, May 1st. Finally, Raymond James Financial, Inc. reaffirmed an outperform rating and set a C$58.00 price objective on shares of Cineplex in a report on Wednesday, April 19th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Cineplex currently has an average rating of Buy and an average target price of C$57.75.

Analyst Recommendations for Cineplex (TSE:CGX)

Shares of Cineplex (CGX) traded down 0.25% on Monday, hitting $52.20. 10,896 shares of the stock were exchanged. The company has a 50 day moving average of $52.28 and a 200 day moving average of $51.60. The company has a market cap of $3.32 billion and a price-to-earnings ratio of 40.88. Cineplex has a 52-week low of $48.55 and a 52-week high of $54.81.

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About Cineplex

Cineplex Inc (Cineplex) is a Canada-based film exhibition company. The Company’s segments include Exhibition and Media. The Exhibition segment includes all direct and ancillary revenues from theatre attendance, including box office and food service revenues. The Exhibition segment also includes amusement gaming and leisure, theatre rentals and digital commerce rental and sales.

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