Cineplex (TSE:CGX) Price Target Raised to C$10.50

Cineplex (TSE:CGX) had its price objective hoisted by Canaccord Genuity Group from C$9.00 to C$10.50 in a research note published on Thursday morning,BayStreet.CA reports. The brokerage currently has a hold rating on the stock.

Several other analysts also recently commented on the stock. Royal Bank Of Canada dropped their price objective on shares of Cineplex from C$14.00 to C$13.00 and set an “outperform” rating on the stock in a report on Tuesday, February 3rd. TD Securities dropped their price objective on shares of Cineplex from C$17.00 to C$16.00 and set a “buy” rating on the stock in a report on Friday, January 16th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Cineplex has a consensus rating of “Moderate Buy” and an average price target of C$13.21.

Cineplex Stock Up 1.0%

CGX stock opened at C$12.08 on Thursday. The firm’s fifty day simple moving average is C$10.32 and its 200-day simple moving average is C$10.92. The company has a market capitalization of C$766.67 million, a P/E ratio of -20.83, a price-to-earnings-growth ratio of 0.30 and a beta of 0.10. The company has a debt-to-equity ratio of -2,256.39, a current ratio of 0.52 and a quick ratio of 0.22. Cineplex has a 12 month low of C$8.91 and a 12 month high of C$12.72.

Cineplex (TSE:CGX) last released its quarterly earnings data on Wednesday, February 11th. The company reported C$0.01 EPS for the quarter. The business had revenue of C$334.77 million for the quarter. Cineplex had a negative net margin of 2.84% and a positive return on equity of 49.30%. As a group, equities research analysts forecast that Cineplex will post 1.0754912 earnings per share for the current year.

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. 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.