Cineplex (TSE:CGX) Price Target Lowered to C$16.00 at TD Securities

Cineplex (TSE:CGX) had its target price dropped by TD Securities from C$17.00 to C$16.00 in a report issued on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ target price points to a potential upside of 51.80% from the company’s previous close.

A number of other equities analysts have also weighed in on the stock. Canaccord Genuity Group lowered their price objective on shares of Cineplex from C$13.00 to C$11.50 in a research report on Wednesday. Royal Bank Of Canada set a C$14.00 target price on shares of Cineplex and gave the stock an “outperform” rating in a research note on Wednesday, October 29th. BMO Capital Markets boosted their price target on shares of Cineplex from C$13.00 to C$14.00 in a research note on Friday, October 17th. Finally, National Bankshares lowered their price objective on Cineplex from C$13.50 to C$13.00 and set an “outperform” rating on the stock in a report on Tuesday, September 30th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$13.54.

Cineplex Stock Performance

Shares of CGX traded down C$0.02 during mid-day trading on Friday, reaching C$10.54. 166,644 shares of the company’s stock were exchanged, compared to its average volume of 283,050. Cineplex has a 52-week low of C$8.40 and a 52-week high of C$12.72. 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. The stock has a market capitalization of C$668.66 million, a PE ratio of -19.52, a price-to-earnings-growth ratio of 0.30 and a beta of 0.04. The business’s fifty day simple moving average is C$11.27 and its 200-day simple moving average is C$11.47.

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