National Bankshares Cuts Cineplex (TSE:CGX) Price Target to C$13.00

Cineplex (TSE:CGX) had its price target cut by National Bankshares from C$13.50 to C$13.00 in a report released on Tuesday,BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other equities research analysts have also recently weighed in on CGX. Canaccord Genuity Group cut Cineplex from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. Scotiabank increased their target price on Cineplex from C$12.00 to C$12.75 and gave the company an “outperform” rating in a research note on Wednesday, August 13th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$12.55.

Cineplex Price Performance

CGX stock opened at C$11.69 on Tuesday. The company has a current ratio of 0.43, a quick ratio of 0.22 and a debt-to-equity ratio of -4,623.78. The firm’s 50-day moving average price is C$11.44 and its two-hundred day moving average price is C$10.82. The stock has a market capitalization of C$741.61 million, a price-to-earnings ratio of -12.31, a PEG ratio of 0.30 and a beta of 0.49. Cineplex has a 12-month low of C$8.40 and a 12-month high of C$13.09.

Cineplex Company Profile

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.