Cineplex (TSE:CGX) Stock Price Target Raised at Canaccord Genuity Group

Cineplex (TSE:CGX) had its price objective hoisted by stock analysts at Canaccord Genuity Group from C$12.25 to C$14.00 in a report issued on Monday, BayStreet reports. The firm currently has a “hold” rating on the stock. Canaccord Genuity Group‘s target price indicates a potential downside of 3.18% from the company’s previous close.

Several other analysts also recently issued reports on the company. RBC Dominion Securities lifted their price target on Cineplex from C$15.00 to C$16.00 and gave the company an “outperform” rating in a research note on Wednesday, October 28th. Royal Bank Of Canada upped their price objective on Cineplex from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 15th. Scotiabank raised their price target on shares of 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. TD Securities upgraded shares of Cineplex to a “strong-buy” rating in a report on Friday, July 24th. Finally, National Bank Financial boosted their price objective on shares of Cineplex from C$14.00 to C$16.00 and gave the stock an “outperform” rating in a research report on Monday. 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 stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of C$15.08.

Cineplex Stock Up 1.5%

CGX traded up C$0.21 during trading on Monday, reaching C$14.46. The company had a trading volume of 463,437 shares, compared to its average volume of 321,573. The company has a market cap of C$911.02 million, a P/E ratio of -72.30, a PEG ratio of 0.30 and a beta of 0.15. Cineplex has a 12 month low of C$9.15 and a 12 month high of C$14.54. 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. The business’s fifty day moving average price is C$12.64 and its 200 day moving average price is C$11.49.

Cineplex (TSE:CGX) last issued its quarterly earnings data on Friday, November 6th. The company reported C$0.34 earnings per share (EPS) for the quarter. Cineplex had a negative net margin of 0.96% and a positive return on equity of 14.84%. The company had revenue of C$440.20 million during the quarter. Equities analysts anticipate that Cineplex will post 1.08 EPS for the current 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).