TD Securities Lowers Cineplex (TSE:CGX) Price Target to C$16.00

Cineplex (TSE:CGX) had its price target lowered by equities researchers at TD Securities from C$17.00 to C$16.00 in a report released on Friday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ price target would suggest a potential upside of 51.80% from the stock’s previous close.

Several other research analysts have also recently weighed in on CGX. Canaccord Genuity Group lowered their target price on Cineplex from C$13.00 to C$11.50 in a report on Wednesday. BMO Capital Markets lifted their price objective on Cineplex from C$13.00 to C$14.00 in a research report on Friday, October 17th. Royal Bank Of Canada set a C$14.00 target price on Cineplex and gave the company an “outperform” rating in a report on Wednesday, October 29th. Finally, National Bankshares reduced their price target on Cineplex from C$13.50 to C$13.00 and set an “outperform” rating on the stock in a report on Tuesday, September 30th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$13.54.

Cineplex Price Performance

CGX stock traded down C$0.02 during midday trading on Friday, reaching C$10.54. The stock had a trading volume of 166,644 shares, compared to its average volume of 283,050. Cineplex has a 52-week low of C$8.40 and a 52-week high of C$12.72. The company has a current ratio of 0.43, a quick ratio of 0.22 and a debt-to-equity ratio of -4,623.78. The company’s fifty day simple moving average is C$11.27 and its 200 day simple moving average is C$11.47. The company has a market cap of C$668.66 million, a price-to-earnings ratio of -19.52, a price-to-earnings-growth ratio of 0.30 and a beta of 0.04.

Cineplex (TSE:CGX) last issued its earnings results on Thursday, November 6th. The company reported C$0.02 EPS for the quarter. The business had revenue of C$348.94 million during the quarter. Cineplex had a negative net margin of 2.83% and a positive return on equity of 172.20%. As a group, sell-side analysts predict that Cineplex will post 1.0754912 earnings per share for the current fiscal year.

About Cineplex

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. The media segment includes cinema media and digital place-based media operations. The amusement and leisure reporting segment manages the operation and distribution of gaming and vending equipment. Formerly housed in the amusement and leisure segment, the location-based entertainment business derives revenue from entertainment restaurant chains like The Rec Room and Playdium.