Cineplex (TSE:CGX) had its price objective hoisted by analysts at CIBC from C$27.50 to C$28.50 in a note issued to investors on Friday, BayStreet.CA reports. CIBC’s price target points to a potential upside of 11.76% from the stock’s current price.
A number of other research firms have also weighed in on CGX. TD Securities reduced their price objective on shares of Cineplex from C$35.00 to C$33.00 and set a “buy” rating for the company in a research note on Monday, May 13th. Raymond James set a C$31.00 price target on shares of Cineplex and gave the company an “outperform” rating in a research report on Tuesday, June 25th. National Bank Financial upgraded shares of Cineplex from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from C$27.00 to C$28.00 in a research report on Thursday, June 6th. Finally, Echelon Wealth Partners restated a “buy” rating on shares of Cineplex in a research report on Tuesday, April 30th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of C$31.21.
Shares of TSE:CGX traded up C$0.96 during mid-day trading on Friday, reaching C$25.50. The company had a trading volume of 331,910 shares, compared to its average volume of 246,388. The company has a current ratio of 0.37, a quick ratio of 0.27 and a debt-to-equity ratio of 318.99. The stock has a market capitalization of $1.55 billion and a price-to-earnings ratio of 29.47. The company has a 50-day simple moving average of C$23.45. Cineplex has a one year low of C$22.34 and a one year high of C$36.65.
Cineplex (TSE:CGX) last posted its quarterly earnings results on Thursday, May 9th. The company reported C($0.12) EPS for the quarter, missing analysts’ consensus estimates of C($0.04) by C($0.08). The company had revenue of C$364.94 million for the quarter, compared to the consensus estimate of C$363.75 million. On average, equities analysts expect that Cineplex will post 0.92 EPS for the current fiscal year.
Cineplex Inc, through its subsidiaries, operates as an entertainment and media company in Canada and internationally. It operates through three segments: Film Entertainment and Content, Media, and Amusement and Leisure. The Film Entertainment and Content segment operates film theatres; and provides food and in-theatre amusement services, as well as rents theatre and digital commerce.
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