Cineplex (CGX) Given New C$40.00 Price Target at TD Securities
Several other equities research analysts also recently issued reports on the stock. Scotiabank lowered their price objective on shares of Cineplex from C$46.00 to C$45.00 and set an outperform rating on the stock in a research note on Wednesday. National Bank Financial decreased their price target on shares of Cineplex from C$42.00 to C$40.50 and set a sector perform rating on the stock in a research note on Wednesday, November 8th. Finally, Raymond James Financial decreased their price target on shares of Cineplex from C$52.00 to C$46.00 and set an outperform rating on the stock in a research note on Tuesday, September 26th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Cineplex presently has a consensus rating of Buy and an average price target of C$45.81.
Shares of Cineplex (CGX) opened at C$33.83 on Wednesday. The stock has a market cap of $2,140.00, a price-to-earnings ratio of 32.84 and a beta of 0.41. Cineplex has a 52 week low of C$33.07 and a 52 week high of C$54.81.
In other Cineplex news, Director Sarabjit Marwah purchased 5,000 shares of the firm’s stock in a transaction on Tuesday, November 14th. The shares were purchased at an average price of C$37.07 per share, for a total transaction of C$185,350.00. Also, insider Lorraine Marie Legault sold 1,625 shares of Cineplex stock in a transaction on Monday, November 13th. The stock was sold at an average price of C$37.13, for a total transaction of C$60,336.25. Insiders have acquired 10,625 shares of company stock worth $394,058 in the last quarter.
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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.
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