Cineplex Inc. (TSE:CGX – Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$10.77 and traded as high as C$11.07. Cineplex shares last traded at C$11.05, with a volume of 83,378 shares changing hands.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on CGX. Royal Bank Of Canada decreased their target price on Cineplex from C$14.00 to C$13.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 3rd. Canaccord Genuity Group raised their target price on Cineplex from C$10.50 to C$11.50 and gave the company a “hold” rating in a research report on Tuesday, May 12th. Finally, National Bank Financial decreased their target price on Cineplex from C$14.00 to C$13.50 and set an “outperform” rating on the stock in a research report on Tuesday, May 12th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$13.46.
Get Our Latest Stock Report on CGX
Cineplex Stock Performance
Cineplex (TSE:CGX – Get Free Report) last posted its quarterly earnings results on Monday, May 11th. The company reported C($0.36) EPS for the quarter. Cineplex had a positive return on equity of 27.72% and a negative net margin of 1.72%.The company had revenue of C$290.98 million for the quarter. As a group, equities research analysts expect that Cineplex Inc. will post 1.0754912 earnings per share for the current fiscal 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.
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