Cineplex (TSE:CGX) Price Target Raised to C$14.00

Cineplex (TSE:CGX) had its price target lifted by Canaccord Genuity Group from C$12.25 to C$14.00 in a research report sent to investors on Monday,BayStreet reports. Canaccord Genuity Group currently has a hold rating on the stock.

Several other research analysts also recently commented on CGX. National Bank Financial lifted their price objective on Cineplex from C$14.00 to C$16.00 and gave the stock an “outperform” rating in a report on Monday. TD Securities upgraded Cineplex to a “strong-buy” rating in a research report on Friday, July 24th. RBC Dominion Securities boosted their price objective on Cineplex from C$15.00 to C$16.00 and gave the company an “outperform” rating in a research report on Wednesday, October 28th. Scotiabank increased their price objective on Cineplex from C$12.00 to C$13.50 and gave the company a “sector outperform” rating in a research note on Wednesday, August 12th. Finally, Royal Bank Of Canada raised their target price on shares of Cineplex from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a report on Tuesday, September 15th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Cineplex has an average rating of “Buy” and a consensus price target of C$15.08.

Cineplex Stock Performance

Cineplex stock opened at C$14.34 on Monday. The company has a quick ratio of 0.22, a current ratio of 0.44 and a debt-to-equity ratio of -1,865.57. The company has a market capitalization of C$903.46 million, a PE ratio of 89.62, a P/E/G ratio of 0.30 and a beta of 0.15. The firm has a fifty day simple moving average of C$12.79 and a two-hundred day simple moving average of C$11.56. Cineplex has a twelve month low of C$9.15 and a twelve month high of C$14.54.

Cineplex (TSE:CGX) last posted its quarterly earnings results on Friday, November 6th. The company reported C$0.34 earnings per share (EPS) for the quarter. Cineplex had a negative net margin of 0.96% and a positive return on equity of 14.84%. The business had revenue of C$440.20 million during the quarter. Research analysts expect that Cineplex will post 1.08 EPS for the current year.

About Cineplex

Cineplex (TSX:CGX) is a top-tier Canadian brand that operates in the Film Entertainment and Content, Amusement and Leisure, and Media sectors. Cineplex offers a unique escape from the everyday to millions of guests through its circuit of 169 movie theatres and location-based entertainment venues. In addition to being Canada’s largest and most innovative film exhibitor, the company operates Canada’s favourite destination for ‘Eats & Entertainment’ (The Rec Room), complexes specially designed for teens and families (Playdium), and an entertainment concept that brings movies, amusement gaming, dining, and live performances together under one roof (Cineplex Junxion).