Cineplex (TSE:CGX) had its price objective reduced by TD Securities from C$9.00 to C$6.00 in a research note issued to investors on Wednesday, AnalystRatings.net reports. They currently have a hold rating on the stock.
Other analysts also recently issued research reports about the company. National Bank Financial downgraded Cineplex from an outperform rating to a sector perform rating and lowered their target price for the company from C$12.50 to C$8.00 in a research report on Sunday, October 11th. Canaccord Genuity cut Cineplex from a hold rating to a sell rating and reduced their price target for the stock from C$8.00 to C$7.00 in a report on Friday, October 2nd. BMO Capital Markets cut Cineplex from a market perform rating to an underperform rating and reduced their price target for the stock from C$12.00 to C$6.00 in a report on Monday, October 5th. CIBC reduced their price target on Cineplex from C$10.00 to C$6.00 in a report on Tuesday, October 6th. Finally, Royal Bank of Canada reduced their price target on Cineplex from C$11.00 to C$7.00 and set a sector perform rating for the company in a report on Tuesday, October 6th. Two equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. Cineplex currently has a consensus rating of Hold and a consensus target price of C$7.29.
TSE:CGX opened at C$4.75 on Wednesday. The company has a debt-to-equity ratio of 652.72, a quick ratio of 0.06 and a current ratio of 0.09. The stock’s 50-day simple moving average is C$7.63 and its 200 day simple moving average is C$10.42. The company has a market cap of $300.83 million and a P/E ratio of -1.15. Cineplex has a 52-week low of C$4.32 and a 52-week high of C$34.39.
Cineplex (TSE:CGX) last released its earnings results on Friday, August 14th. The company reported C($1.55) earnings per share (EPS) for the quarter. The company had revenue of C$21.99 million during the quarter, compared to analyst estimates of C$48.70 million. As a group, equities analysts predict that Cineplex will post -0.8549351 earnings per share for the current fiscal year.
In other news, Director Phyllis Yaffe acquired 2,800 shares of Cineplex stock in a transaction dated Friday, September 4th. The stock was bought at an average price of C$9.63 per share, for a total transaction of C$26,964.00. Following the completion of the acquisition, the director now directly owns 25,000 shares in the company, valued at approximately C$240,750.
Cineplex Inc, through its subsidiaries, operates as an entertainment and media company in Canada and internationally. It operates through three segments: Film Entertainment and Content, Media, and Amusement and Leisure. The Film Entertainment and Content segment operates film theatres; and provides food and in-theatre amusement services, as well as rents theatre and digital commerce.
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