Cineplex (TSE:CGX) Stock Price Expected to Rise, TD Securities Analyst Says

Cineplex (TSE:CGX) had its price target increased by stock analysts at TD Securities from C$16.00 to C$17.00 in a note issued to investors on Monday,BayStreet.CA reports. TD Securities’ price target points to a potential upside of 42.50% from the company’s previous close.

Several other equities research analysts have also commented on the stock. Royal Bank Of Canada set a C$14.00 price target on shares of Cineplex and gave the company an “outperform” rating in a report on Wednesday, October 29th. Canaccord Genuity Group upped their target price on Cineplex from C$11.00 to C$13.00 in a research note on Friday, October 17th. Scotiabank raised their target price on Cineplex from C$12.00 to C$12.75 and gave the stock an “outperform” rating in a report on Wednesday, August 13th. BMO Capital Markets boosted their price target on Cineplex from C$13.00 to C$14.00 in a report on Friday, October 17th. Finally, National Bankshares dropped their price objective on shares of Cineplex from C$13.50 to C$13.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 30th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Cineplex currently has a consensus rating of “Moderate Buy” and a consensus target price of C$13.96.

Cineplex Stock Up 0.3%

TSE:CGX traded up C$0.04 during mid-day trading on Monday, hitting C$11.93. 166,102 shares of the company’s stock traded hands, compared to its average volume of 275,493. The company has a fifty day moving average of C$12.00 and a 200 day moving average of C$11.33. Cineplex has a twelve month low of C$8.40 and a twelve month high of C$13.09. The company has a market capitalization of C$756.84 million, a P/E ratio of -12.56, a P/E/G ratio of 0.30 and a beta of 0.52. The company has a debt-to-equity ratio of -4,623.78, a quick ratio of 0.22 and a current ratio of 0.43.

Cineplex Company Profile

Cineplex is a diversified media company that operates chains of movie theaters. The company has four reporting segments: film entertainment and content; media; amusement and leisure; and location-based entertainment. The film entertainment and content segment includes revenue from theater attendance.