Cineplex (TSE:CGX) Price Target Cut to C$11.50 by Analysts at Canaccord Genuity Group

Cineplex (TSE:CGX) had its price objective dropped by Canaccord Genuity Group from C$13.00 to C$11.50 in a research note issued on Wednesday,BayStreet.CA reports. Canaccord Genuity Group’s price objective would suggest a potential upside of 9.42% from the stock’s current price.

A number of other analysts have also recently weighed in on the stock. TD Securities upped their target price on shares of Cineplex from C$16.00 to C$17.00 in a research note on Monday, November 10th. BMO Capital Markets upped their price objective on Cineplex from C$13.00 to C$14.00 in a research note on Friday, October 17th. National Bankshares cut their target price on Cineplex from C$13.50 to C$13.00 and set an “outperform” rating for the company in a research report on Tuesday, September 30th. Finally, Royal Bank Of Canada set a C$14.00 price target on Cineplex and gave the company an “outperform” rating in a research note on Wednesday, October 29th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$13.71.

Cineplex Stock Performance

Shares of CGX traded down C$0.38 on Wednesday, reaching C$10.51. 502,888 shares of the stock traded hands, compared to its average volume of 295,862. The stock’s 50-day moving average price is C$11.34 and its 200-day moving average price is C$11.49. The company has a debt-to-equity ratio of -4,623.78, a current ratio of 0.43 and a quick ratio of 0.22. The firm has a market cap of C$666.75 million, a price-to-earnings ratio of -19.46, a P/E/G ratio of 0.30 and a beta of 0.04. Cineplex has a 12 month low of C$8.40 and a 12 month high of C$12.72.

Cineplex (TSE:CGX) last posted its quarterly earnings results on Thursday, November 6th. The company reported C$0.02 earnings per share for the quarter. Cineplex had a negative net margin of 2.83% and a positive return on equity of 172.20%. The firm had revenue of C$348.94 million for the quarter. Equities analysts forecast that Cineplex will post 1.0754912 EPS for the current fiscal year.

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. The media segment includes cinema media and digital place-based media operations. The amusement and leisure reporting segment manages the operation and distribution of gaming and vending equipment. Formerly housed in the amusement and leisure segment, the location-based entertainment business derives revenue from entertainment restaurant chains like The Rec Room and Playdium.