Cineplex Inc. (TSE:CGX) Receives C$18.71 Consensus Price Target from Analysts

Cineplex Inc. (TSE:CGX) has been given an average recommendation of “Moderate Buy” by the seven research firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is C$18.71.

A number of equities analysts have issued reports on CGX shares. Scotiabank increased their price target on Cineplex from C$10.00 to C$12.00 and gave the stock an “outperform” rating in a report on Monday, August 12th. TD Securities increased their price target on Cineplex from C$14.00 to C$16.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Canaccord Genuity Group increased their price target on Cineplex from C$11.50 to C$12.00 in a report on Thursday, October 17th. Royal Bank of Canada cut their price target on Cineplex from C$14.00 to C$13.00 in a report on Wednesday, July 24th. Finally, Desjardins increased their price target on Cineplex from C$52.00 to C$53.00 and gave the stock a “buy” rating in a report on Thursday, August 1st.

Cineplex Stock Performance

Shares of CGX stock opened at C$10.28 on Thursday. The business’s 50 day simple moving average is C$10.49 and its 200 day simple moving average is C$9.35. Cineplex has a one year low of C$7.10 and a one year high of C$11.16. The stock has a market capitalization of C$654.63 million, a PE ratio of -9.18, a PEG ratio of 0.30 and a beta of 2.74. The company has a debt-to-equity ratio of 30,533.69, a current ratio of 0.36 and a quick ratio of 0.22.

About Cineplex

Cineplex Inc, together with its subsidiaries, operates as an entertainment and media company in Canada and internationally. It operates through three segments: Film Entertainment and Content, Media, and Location-Based Entertainment. The company engages in theatre exhibitions and food service activities; and provision of alternative programming service comprising international film programming, as well as content offered under the Event Cinema brand, including The Metropolitan Opera, sporting events, concerts, and dedicated event screens.