Cineplex Inc (TSE:CGX) Rating Reiterated by Raymond James Financial, Inc.

Cineplex Inc (TSE:CGX)‘s stock had its “outperform” rating reissued by investment analysts at Raymond James Financial, Inc. in a report issued on Tuesday, June 27th. They presently have a C$58.00 target price on the stock. Raymond James Financial, Inc.’s target price points to a potential upside of 15.68% from the stock’s previous close.

CGX has been the topic of a number of other research reports. Royal Bank Of Canada increased their price target on Cineplex from C$53.00 to C$54.00 and gave the stock a “sector perform” rating in a research report on Wednesday, May 3rd. Scotiabank increased their price target on Cineplex from C$59.00 to C$60.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 3rd. BMO Capital Markets reissued an “outperform” rating and set a C$58.00 target price on shares of Cineplex in a report on Monday, June 19th. TD Securities reissued a “buy” rating and set a C$60.00 target price on shares of Cineplex in a report on Monday, May 1st. Finally, CIBC increased their target price on Cineplex from C$54.00 to C$55.00 in a report on Wednesday, May 3rd. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Cineplex presently has an average rating of “Buy” and a consensus target price of C$57.25.

Shares of Cineplex (CGX) opened at 50.14 on Tuesday. The stock’s 50 day moving average price is $52.09 and its 200 day moving average price is $51.72. The company has a market capitalization of $3.18 billion and a PE ratio of 39.26. Cineplex has a 12 month low of $48.55 and a 12 month 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.

Analyst Recommendations for Cineplex (TSE:CGX)

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