Royal Bank Of Canada Cuts Cineplex (TSE:CGX) Price Target to C$13.00

Cineplex (TSE:CGX) had its target price lowered by research analysts at Royal Bank Of Canada from C$14.00 to C$13.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target indicates a potential upside of 36.27% from the stock’s current price.

A number of other brokerages have also recently commented on CGX. Canaccord Genuity Group lowered their target price on Cineplex from C$13.00 to C$11.50 in a report on Wednesday, January 14th. TD Securities decreased their target price on shares of Cineplex from C$17.00 to C$16.00 and set a “buy” rating on the stock in a research report on Friday, January 16th. Finally, BMO Capital Markets increased their target price on Cineplex from C$13.00 to C$14.00 in a research report on Friday, October 17th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$13.38.

Cineplex Price Performance

TSE CGX traded down C$0.17 during trading hours on Tuesday, reaching C$9.54. The company’s stock had a trading volume of 143,085 shares, compared to its average volume of 272,531. 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. The company’s 50-day moving average is C$10.78 and its two-hundred day moving average is C$11.34. Cineplex has a fifty-two week low of C$8.40 and a fifty-two week high of C$12.72. The stock has a market cap of C$605.22 million, a PE ratio of -17.67, a PEG ratio of 0.30 and a beta of 0.04.

Cineplex (TSE:CGX) last announced its quarterly earnings results on Thursday, November 6th. The company reported C$0.02 earnings per share (EPS) for the quarter. The company had revenue of C$348.94 million for the quarter. Cineplex had a negative net margin of 2.83% and a positive return on equity of 172.20%. Analysts forecast that Cineplex will post 1.0754912 EPS for the current 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.