Cineplex (TSE:CGX) Price Target Raised to C$15.00

Cineplex (TSE:CGX – Free Report) had its price target boosted by Royal Bank Of Canada from C$14.00 to C$15.00 in a research report released on Tuesday,BayStreet reports. Royal Bank Of Canada currently has an outperform rating on the stock.

Other analysts have also issued reports about the stock. National Bank Financial raised their price objective on shares of Cineplex from C$13.50 to C$14.00 and gave the company an “outperform” rating in a research note on Wednesday, August 12th. Scotiabank increased their price target 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, TD Securities raised shares of Cineplex to a “strong-buy” rating in a research report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Cineplex presently has an average rating of “Buy” and an average price target of C$14.00.

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Cineplex Trading Down 0.7%

Cineplex stock opened at C$12.49 on Tuesday. Cineplex has a 12 month low of C$9.15 and a 12 month high of C$13.28. The company has a market capitalization of C$786.91 million, a price-to-earnings ratio of -62.45, a price-to-earnings-growth ratio of 0.30 and a beta of 0.20. The business’s fifty day simple moving average is C$12.27 and its two-hundred day simple moving average is C$11.47. The company has a current ratio of 0.44, a quick ratio of 0.22 and a debt-to-equity ratio of -1,865.57.

Cineplex (TSE:CGX – Get Free Report) last posted its quarterly earnings results on Tuesday, August 11th. The company reported C$0.12 earnings per share (EPS) for the quarter. The firm had revenue of C$383.72 million during the quarter. Cineplex had a positive return on equity of 14.84% and a negative net margin of 0.96%. As a group, equities analysts predict that Cineplex will post 1.0754912 earnings per share for the current fiscal year.

Cineplex Company Profile

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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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