Cineplex (TSE:CGX) Sets New 12-Month High – Still a Buy?

Cineplex Inc. (TSE:CGX) shares reached a new 52-week high during trading on Monday. The stock traded as high as C$13.50 and last traded at C$13.45, with a volume of 156,528 shares trading hands. The stock had previously closed at C$12.99.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. RBC Dominion Securities upped their price objective on Cineplex from C$15.00 to C$16.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 28th. National Bank Financial lifted their target price on Cineplex from C$13.50 to C$14.00 and gave the company an “outperform” rating in a research report on Wednesday, August 12th. TD Securities upgraded Cineplex to a “strong-buy” rating in a research note on Friday, July 24th. Scotiabank upped their price target on Cineplex from C$12.00 to C$13.50 and gave the stock a “sector outperform” rating in a research report on Wednesday, August 12th. Finally, Canaccord Genuity Group upped their price target on Cineplex from C$11.50 to C$12.25 and gave the stock a “hold” rating in a research report on Monday, October 19th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of C$14.46.

Cineplex Stock Performance

The stock’s 50 day moving average price is C$12.54 and its 200 day moving average price is C$11.41. The company has a current ratio of 0.44, a quick ratio of 0.22 and a debt-to-equity ratio of -1,865.57. The company has a market capitalization of C$842.98 million, a price-to-earnings ratio of -66.90, a P/E/G ratio of 0.30 and a beta of 0.35.

Cineplex (TSE:CGX) last released its earnings results on Tuesday, August 11th. The company reported C$0.12 earnings per share (EPS) for the quarter. Cineplex had a positive return on equity of 14.84% and a negative net margin of 0.96%. The business had revenue of C$383.72 million for the quarter. Analysts expect that Cineplex Inc. will post 1.08 earnings per share 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).