BMO Capital Markets downgraded shares of Cineplex (TSE:CGX) from an outperform rating to a market perform rating in a research note released on Monday. BMO Capital Markets currently has C$37.00 price target on the stock, down from their previous price target of C$44.00.

Several other equities analysts also recently weighed in on the company. TD Securities dropped their price target on Cineplex from C$52.00 to C$47.00 and set a buy rating for the company in a research report on Wednesday, November 8th. National Bank Financial dropped their price target on Cineplex from C$42.00 to C$40.50 and set a sector perform rating for the company in a research report on Wednesday, November 8th. Scotiabank reissued an outperform rating and set a C$46.00 price target on shares of Cineplex in a research report on Wednesday, September 20th. Finally, Raymond James Financial dropped their price target on Cineplex from C$52.00 to C$46.00 and set an outperform rating for the company in a research report on Tuesday, September 26th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Cineplex currently has an average rating of Buy and an average price target of C$44.63.

Cineplex (TSE CGX) opened at C$30.65 on Monday. The firm has a market capitalization of $1,940.00, a price-to-earnings ratio of 29.76 and a beta of 0.41. Cineplex has a 1 year low of C$30.35 and a 1 year high of C$54.81.

Cineplex (TSE:CGX) last released its quarterly earnings results on Tuesday, November 7th. The company reported C$0.27 earnings per share for the quarter. Cineplex had a return on equity of 9.62% and a net margin of 4.65%.

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Friday, December 29th will be issued a dividend of $0.14 per share. This represents a $1.68 annualized dividend and a dividend yield of 5.48%. The ex-dividend date is Thursday, December 28th. Cineplex’s dividend payout ratio (DPR) is 159.71%.

In other Cineplex news, Director Sarabjit Marwah acquired 5,000 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The shares were acquired at an average price of C$37.07 per share, for a total transaction of C$185,350.00. Also, insider Gordon Nelson acquired 4,000 shares of the firm’s stock in a transaction dated Thursday, November 9th. The shares were acquired at an average price of C$36.00 per share, for a total transaction of C$144,000.00. Insiders have bought 10,625 shares of company stock worth $394,058 in the last 90 days.

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About Cineplex

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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