Cineplex Inc. (TSE:CGX) Receives Consensus Rating of “Buy” from Analysts

Shares of Cineplex Inc. (TSE:CGX) have received an average rating of “Buy” from the six research firms that are covering the stock, Marketbeat.com reports. Six investment analysts have rated the stock with a buy recommendation. The average 12 month target price among brokers that have issued a report on the stock in the last year is C$18.79.

Several research firms have weighed in on CGX. Canaccord Genuity Group decreased their price target on shares of Cineplex from C$14.00 to C$11.00 in a research note on Thursday, April 10th. National Bankshares reduced their target price on Cineplex from C$15.00 to C$13.50 and set an “outperform” rating for the company in a research note on Wednesday, April 9th. Finally, Royal Bank of Canada upped their price target on Cineplex from C$13.00 to C$14.00 in a research note on Monday, May 12th.

Cineplex Stock Down 0.9%

Cineplex stock opened at C$11.68 on Thursday. The company has a market capitalization of C$737.61 million, a PE ratio of -19.65, a PEG ratio of 0.30 and a beta of 2.74. Cineplex has a 12-month low of C$7.10 and a 12-month high of C$13.09. The firm’s fifty day moving average is C$9.80 and its 200 day moving average is C$10.69. The company has a quick ratio of 0.22, a current ratio of 0.43 and a debt-to-equity ratio of -4,623.78.

About Cineplex

Cineplex is a diversified media company that operates chains of movie theaters. The company has four reporting segments: film entertainment and content; media; amusement and leisure; and location-based entertainment. The film entertainment and content segment includes revenue from theater attendance.