Cineplex (TSE:CGX) Given New C$13.50 Price Target at National Bank Financial

Cineplex (TSE:CGX – Get Free Report) had its target price cut by research analysts at National Bank Financial from C$14.00 to C$13.50 in a note issued to investors on Tuesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bank Financial’s price objective would indicate a potential upside of 24.65% from the company’s previous close.

Other equities research analysts have also issued research reports about the stock. Canaccord Genuity Group raised their price target on shares of Cineplex from C$9.00 to C$10.50 and gave the stock a “hold” rating in a report on Thursday, April 16th. TD Securities cut their price target 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. Finally, Royal Bank Of Canada cut their price target 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. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of C$13.46.

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Cineplex Trading Up 0.6%

Cineplex stock traded up C$0.06 during trading hours on Tuesday, reaching C$10.83. The stock had a trading volume of 333,107 shares, compared to its average volume of 299,123. The stock has a market cap of C$687.34 million, a PE ratio of -18.67, a PEG ratio of 0.30 and a beta of 0.11. Cineplex has a 52 week low of C$9.15 and a 52 week high of C$12.72. 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. The company has a fifty day simple moving average of C$10.77 and a 200-day simple moving average of C$10.90.

Cineplex (TSE:CGX – Get Free Report) last announced its quarterly earnings results on Monday, May 11th. The company reported C($0.36) earnings per share (EPS) for the quarter. The firm had revenue of C$290.98 million during the quarter. Cineplex had a positive return on equity of 49.30% and a negative net margin of 2.84%. Analysts forecast that Cineplex will post 1.0754912 EPS for the current fiscal year.

About Cineplex

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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.

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