Cineplex (TSE:CGX) Price Target Raised to C$12.25

Cineplex (TSE:CGX) had its price objective hoisted by Canaccord Genuity Group from C$11.50 to C$12.25 in a research report report published on Monday,BayStreet reports. The brokerage currently has a hold rating on the stock.

A number of other research analysts have also recently commented on the company. National Bank Financial increased their target price on Cineplex from C$13.50 to C$14.00 and gave the company an “outperform” rating in a research note on Wednesday, August 12th. Royal Bank Of Canada upped their price target on Cineplex from C$14.00 to C$15.00 and gave the company an “outperform” rating in a research report on Tuesday, September 15th. Scotiabank raised their target price on shares of Cineplex from C$12.00 to C$13.50 and gave the stock a “sector outperform” rating in a research report on Wednesday, August 12th. Finally, TD Securities upgraded Cineplex to a “strong-buy” rating in a research report on Friday, July 24th. One 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, the stock currently has an average rating of “Buy” and a consensus target price of C$14.15.

Cineplex Stock Down 0.8%

Shares of TSE:CGX opened at C$12.95 on Monday. The firm has a fifty day moving average price of C$12.47 and a two-hundred day moving average price of C$11.87. 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. Cineplex has a one year low of C$9.15 and a one year high of C$13.38. The company has a market cap of C$815.89 million, a price-to-earnings ratio of -64.75, a PEG ratio of 0.30 and a beta of 0.35.

Cineplex (TSE:CGX) last released its quarterly earnings results on Tuesday, August 11th. The company reported C$0.12 earnings per share for the quarter. Cineplex had a negative net margin of 0.96% and a positive return on equity of 14.84%. The firm had revenue of C$383.72 million for the quarter. Analysts anticipate that Cineplex will post 1.08 EPS for the current fiscal year.

About Cineplex

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).