Canaccord Genuity Group Cuts Cineplex (TSE:CGX) Price Target to C$11.50

Cineplex (TSE:CGX) had its target price lowered by Canaccord Genuity Group from C$13.00 to C$11.50 in a research report released on Wednesday morning,BayStreet.CA reports.

Several other research firms also recently commented on CGX. Royal Bank Of Canada set a C$14.00 target price on shares of Cineplex and gave the stock an “outperform” rating in a report on Wednesday, October 29th. National Bankshares reduced their price target on shares of Cineplex from C$13.50 to C$13.00 and set an “outperform” rating on the stock in a report on Tuesday, September 30th. BMO Capital Markets increased their price objective on shares of Cineplex from C$13.00 to C$14.00 in a report on Friday, October 17th. Finally, TD Securities raised their price objective on Cineplex from C$16.00 to C$17.00 in a research report on Monday, November 10th. Four equities 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, Cineplex has a consensus rating of “Moderate Buy” and a consensus target price of C$13.54.

Cineplex Trading Down 1.1%

Shares of Cineplex stock opened at C$10.44 on Wednesday. Cineplex has a fifty-two week low of C$8.40 and a fifty-two week high of C$12.72. The company has a debt-to-equity ratio of -4,623.78, a quick ratio of 0.22 and a current ratio of 0.43. The company has a market capitalization of C$662.31 million, a P/E ratio of -19.33, a P/E/G ratio of 0.30 and a beta of 0.04. The company has a fifty day moving average of C$11.24 and a 200 day moving average of C$11.47.

Cineplex (TSE:CGX) last announced its quarterly earnings data on Thursday, November 6th. The company reported C$0.02 EPS for the quarter. The business had revenue of C$348.94 million for the quarter. Cineplex had a positive return on equity of 172.20% and a negative net margin of 2.83%. On average, sell-side analysts anticipate that Cineplex will post 1.0754912 earnings per share for the current fiscal year.

About Cineplex

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.