Cineplex (TSE:CGX – Get Free Report) had its price target upped by equities researchers at National Bank Financial from C$14.00 to C$16.00 in a research report issued to clients and investors on Monday, BayStreet reports. The firm presently has an “outperform” rating on the stock. National Bank Financial‘s target price would indicate a potential upside of 10.65% from the company’s previous close.
CGX has been the topic of a number of other research reports. Canaccord Genuity Group boosted their price objective on shares of Cineplex from C$11.50 to C$12.25 and gave the stock a “hold” rating in a report on Monday, October 19th. Royal Bank Of Canada increased their target price on shares of Cineplex from C$14.00 to C$15.00 and gave the company an “outperform” rating in a report on Tuesday, September 15th. TD Securities upgraded shares of Cineplex to a “strong-buy” rating in a research report on Friday, July 24th. RBC Dominion Securities boosted their price target on Cineplex from C$15.00 to C$16.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 28th. Finally, Scotiabank boosted their price target on Cineplex from C$12.00 to C$13.50 and gave the stock a “sector outperform” rating in a research note on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of C$15.08.
Get Our Latest Stock Report on CGX
Cineplex Price Performance
Shares of TSE CGX traded up C$0.21 during trading on Monday, hitting C$14.46. 463,437 shares of the company were exchanged, compared to its average volume of 321,573. The company has a debt-to-equity ratio of -1,865.57, a current ratio of 0.44 and a quick ratio of 0.22. Cineplex has a 1 year low of C$9.15 and a 1 year high of C$14.54. The company has a market cap of C$911.02 million, a price-to-earnings ratio of -72.30, a PEG ratio of 0.30 and a beta of 0.15. The firm’s fifty day moving average price is C$12.64 and its 200 day moving average price is C$11.49.
Cineplex (TSE:CGX – Get Free Report) last announced its quarterly earnings results on Friday, November 6th. The company reported C$0.34 earnings per share (EPS) for the quarter. The business had revenue of C$440.20 million during the quarter. Cineplex had a negative net margin of 0.96% and a positive return on equity of 14.84%. On average, sell-side analysts expect that Cineplex will post 1.08 earnings per share for the current fiscal year.
Cineplex Company Profile
Cineplex (TSX:CGX) is a top-tier Canadian brand that operates in the Film Entertainment and Content, Amusement and Leisure, and Media sectors. Cineplex offers a unique escape from the everyday to millions of guests through its circuit of 169 movie theatres and location-based entertainment venues. In addition to being Canada’s largest and most innovative film exhibitor, the company operates Canada’s favourite destination for ‘Eats & Entertainment’ (The Rec Room), complexes specially designed for teens and families (Playdium), and an entertainment concept that brings movies, amusement gaming, dining, and live performances together under one roof (Cineplex Junxion).
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