Cineplex Inc. (TSE:CGX) Receives C$18.79 Average Target Price from Brokerages

Cineplex Inc. (TSE:CGX) has earned a consensus rating of “Buy” from the six ratings firms that are presently covering the company, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a buy rating. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$18.79.

Several research analysts have recently commented on CGX shares. Royal Bank Of Canada raised their target price on shares of Cineplex from C$13.00 to C$14.00 in a report on Monday, May 12th. National Bankshares decreased their price target on shares of Cineplex from C$15.00 to C$13.50 and set an “outperform” rating on the stock in a report on Wednesday, April 9th. Finally, Canaccord Genuity Group lowered their target price on Cineplex from C$14.00 to C$11.00 in a report on Thursday, April 10th.

Cineplex Trading Up 1.0%

CGX stock opened at C$11.45 on Monday. Cineplex has a one year low of C$8.05 and a one year high of C$13.09. The stock has a market cap of C$723.09 million, a price-to-earnings ratio of -19.27, a price-to-earnings-growth ratio of 0.30 and a beta of 2.74. The company has a fifty day moving average price of C$10.72 and a two-hundred day moving average price of C$10.76. The company has a debt-to-equity ratio of -4,623.78, a current ratio of 0.43 and a quick ratio of 0.22.

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.