Royal Bank Of Canada Cuts Cineplex (TSE:CGX) Price Target to C$13.00

Cineplex (TSE:CGX) had its price target lowered by Royal Bank Of Canada from C$14.00 to C$13.00 in a report released on Tuesday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

CGX has been the subject of a number of other research reports. Canaccord Genuity Group reduced their price target on Cineplex from C$13.00 to C$11.50 in a report on Wednesday, January 14th. BMO Capital Markets raised their price objective on Cineplex from C$13.00 to C$14.00 in a research report on Friday, October 17th. Finally, TD Securities dropped their price target on Cineplex from C$17.00 to C$16.00 and set a “buy” rating on the stock in a research note on Friday, January 16th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Cineplex presently has a consensus rating of “Moderate Buy” and an average price target of C$13.38.

Cineplex Price Performance

Shares of CGX opened at C$9.83 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 company’s fifty day simple moving average is C$10.63 and its 200 day simple moving average is C$11.31. Cineplex has a 1-year low of C$8.40 and a 1-year high of C$12.72. The company has a market cap of C$623.62 million, a price-to-earnings ratio of -18.20, a PEG ratio of 0.30 and a beta of -0.14.

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