Cineplex (CGX) PT Set at C$31.00 by Raymond James
Cineplex (TSE:CGX) has been given a C$31.00 price target by Raymond James in a note issued to investors on Wednesday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Raymond James’ target price would suggest a potential upside of 25.10% from the stock’s previous close.
Several other equities analysts have also recently issued reports on CGX. TD Securities reduced their price target on shares of Cineplex from C$35.00 to C$33.00 and set a “buy” rating on the stock in a research report on Monday, May 13th. CIBC reduced their price target on shares of Cineplex from C$30.00 to C$27.50 in a research report on Friday, May 3rd. National Bank Financial reduced their price target on shares of Cineplex from C$28.00 to C$27.00 and set a “sector perform” rating on the stock in a research report on Wednesday, April 3rd. Echelon Wealth Partners reiterated a “buy” rating on shares of Cineplex in a research report on Tuesday, April 30th. Finally, BMO Capital Markets reduced their price target on shares of Cineplex from C$32.00 to C$30.00 and set a “market perform” rating on the stock in a research report on Tuesday, February 19th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Cineplex presently has an average rating of “Buy” and a consensus price target of C$30.93.
Shares of TSE CGX traded up C$0.11 during midday trading on Wednesday, hitting C$24.78. 95,105 shares of the company traded hands, compared to its average volume of 247,821. Cineplex has a 12-month low of C$22.88 and a 12-month high of C$36.65. The company has a debt-to-equity ratio of 318.99, a current ratio of 0.37 and a quick ratio of 0.27. The stock has a market capitalization of $1.56 billion and a P/E ratio of 28.55.
Cineplex Inc, through its subsidiaries, operates as an entertainment and media company in Canada and internationally. It operates through three segments: Film Entertainment and Content, Media, and Amusement and Leisure. The Film Entertainment and Content segment operates film theatres; and provides food and in-theatre amusement services, as well as rents theatre and digital commerce.
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