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

Cineplex Inc. (TSE:CGX) has earned an average rating of “Buy” from the six brokerages that are currently covering the firm, MarketBeat.com reports. Six analysts have rated the stock with a buy rating. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$18.64.

CGX has been the topic of a number of recent research reports. Canaccord Genuity Group cut their target price on Cineplex from C$14.00 to C$11.00 in a research note on Thursday. National Bankshares cut their price target on Cineplex from C$15.00 to C$13.50 and set an “outperform” rating on the stock in a report on Wednesday, April 9th.

Cineplex Trading Down 0.1 %

Shares of TSE CGX opened at C$8.64 on Wednesday. Cineplex has a 12-month low of C$7.10 and a 12-month high of C$13.09. The company has a market cap of C$545.63 million, a price-to-earnings ratio of -14.54, a price-to-earnings-growth ratio of 0.30 and a beta of 2.74. 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 stock’s 50 day simple moving average is C$10.12 and its 200 day simple moving average is C$10.79.

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.