Cineplex Inc. (TSE:CGX) Receives Average Recommendation of “Moderate Buy” from Analysts

Cineplex Inc. (TSE:CGX) has been assigned an average rating of “Moderate Buy” from the six brokerages that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is C$18.93.

Separately, Canaccord Genuity Group upped their price objective on Cineplex from C$12.50 to C$14.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th.

Cineplex Stock Down 2.5 %

Shares of CGX stock opened at C$10.81 on Friday. Cineplex has a 52-week low of C$7.10 and a 52-week high of C$13.09. The company has a debt-to-equity ratio of -4,623.78, a quick ratio of 0.22 and a current ratio of 0.43. The stock has a market cap of C$682.67 million, a price-to-earnings ratio of -18.19, a PEG ratio of 0.30 and a beta of 2.74. The firm’s 50-day moving average is C$11.57 and its 200-day moving average is C$10.96.

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.