Cineplex (TSE:CGX) Price Target Raised to C$13.50

Cineplex (TSE:CGX) had its target price raised by Scotiabank from C$12.00 to C$13.50 in a research note published on Wednesday morning,BayStreet.CA reports. The brokerage currently has a sector outperform rating on the stock.

Several other research firms have also recently weighed in on CGX. Canaccord Genuity Group boosted their price objective on shares of Cineplex from C$10.50 to C$11.50 and gave the stock a “hold” rating in a research report on Tuesday, May 12th. National Bank Financial increased their price objective on Cineplex from C$13.50 to C$14.00 and gave the company an “outperform” rating in a research report on Wednesday. TD Securities upgraded Cineplex to a “strong-buy” rating in a research report on Friday, July 24th. Finally, Royal Bank Of Canada lifted their target price on Cineplex from C$13.00 to C$14.00 and gave the company an “outperform” rating in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of C$13.83.

Cineplex Trading Down 0.2%

CGX opened at C$12.65 on Wednesday. Cineplex has a 1-year low of C$9.15 and a 1-year high of C$13.28. The stock has a market capitalization of C$796.99 million, a PE ratio of -35.14, a PEG ratio of 0.30 and a beta of 0.36. The company has a current ratio of 0.44, a quick ratio of 0.22 and a debt-to-equity ratio of -1,865.57. The firm has a 50-day moving average price of C$11.95 and a two-hundred day moving average price of C$11.04.

Cineplex (TSE:CGX) last announced its earnings results on Tuesday, August 11th. The company reported C$0.12 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$383.72 million for the quarter. As a group, equities analysts anticipate that Cineplex will post 1.0754912 earnings per share for the current fiscal 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.