Cineplex Inc. (TSE:CGX – Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$11.10 and traded as high as C$12.69. Cineplex shares last traded at C$12.47, with a volume of 279,069 shares changing hands.
Analyst Upgrades and Downgrades
CGX has been the subject of a number of recent research reports. Canaccord Genuity Group upped their target price on Cineplex from C$10.50 to C$11.50 and gave the stock a “hold” rating in a report on Tuesday, May 12th. National Bank Financial boosted their price target on Cineplex from C$13.50 to C$14.00 and gave the stock an “outperform” rating in a report on Wednesday, August 12th. TD Securities raised Cineplex to a “strong-buy” rating in a research note on Friday, July 24th. Scotiabank raised their price objective on shares of Cineplex from C$12.00 to C$13.50 and gave the company a “sector outperform” rating in a report on Wednesday, August 12th. Finally, Royal Bank Of Canada raised their price objective on shares of Cineplex from C$13.00 to C$14.00 and gave the company an “outperform” rating in a report on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of C$13.83.
Check Out Our Latest Stock Analysis on CGX
Cineplex Stock Up 3.1%
Cineplex (TSE:CGX – Get Free Report) last issued its quarterly earnings results on Tuesday, August 11th. The company reported C$0.12 earnings per share for the quarter. Cineplex had a positive return on equity of 14.84% and a negative net margin of 0.96%.The firm had revenue of C$383.72 million during the quarter. On average, research analysts predict that Cineplex Inc. will post 1.0754912 EPS 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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