Cineplex Inc (TSE:CGX) has received an average rating of “Buy” from the eight brokerages that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is C$47.63.

CGX has been the subject of several analyst reports. CIBC cut their price target on Cineplex from C$55.00 to C$50.00 in a research note on Thursday, August 3rd. National Bank Financial cut their price target on Cineplex from C$56.00 to C$46.00 in a research note on Thursday, August 3rd. Canaccord Genuity cut their price target on Cineplex from C$59.00 to C$51.00 and set a “buy” rating for the company in a research note on Thursday, August 3rd. TD Securities cut their price target on Cineplex from C$64.00 to C$52.00 and set a “buy” rating for the company in a research note on Thursday, August 3rd. Finally, Raymond James Financial, Inc. cut their price target on Cineplex from C$58.00 to C$52.00 and set an “outperform” rating for the company in a research note on Thursday, August 3rd.

In other news, insider Daniel F. Mcgrath bought 10,000 shares of the stock in a transaction on Thursday, September 7th. The shares were bought at an average price of C$38.59 per share, with a total value of C$385,900.00.

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Cineplex (TSE:CGX) traded down C$0.52 during trading on Friday, hitting C$38.36. The stock had a trading volume of 292,717 shares.

The company also recently announced a monthly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Friday, September 29th were issued a $0.14 dividend. This represents a $1.68 annualized dividend and a yield of 4.38%. The ex-dividend date of this dividend was Thursday, September 28th.

Cineplex Company Profile

Cineplex Inc (Cineplex) is a Canada-based film exhibition company. The Company’s segments include Exhibition and Media. The Exhibition segment includes all direct and ancillary revenues from theatre attendance, including box office and food service revenues. The Exhibition segment also includes amusement gaming and leisure, theatre rentals and digital commerce rental and sales.

Analyst Recommendations for Cineplex (TSE:CGX)

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