Cineplex (TSE:CGX – Get Free Report) had its target price boosted by stock analysts at Desjardins from C$52.00 to C$53.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Desjardins’ price objective points to a potential upside of 488.89% from the stock’s previous close.
Several other research analysts have also weighed in on the stock. Canaccord Genuity Group dropped their price objective on shares of Cineplex from C$12.50 to C$12.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. Royal Bank of Canada decreased their target price on shares of Cineplex from C$14.00 to C$13.00 in a research report on Wednesday, July 24th. Finally, Scotiabank decreased their target price on shares of Cineplex from C$11.00 to C$10.00 and set a “sector perform” rating for the company in a research report on Monday, June 17th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Cineplex has a consensus rating of “Moderate Buy” and an average price target of C$18.14.
View Our Latest Stock Analysis on CGX
Cineplex Price Performance
Cineplex (TSE:CGX – Get Free Report) last released its earnings results on Thursday, May 9th. The company reported C($0.56) earnings per share for the quarter, missing the consensus estimate of C($0.15) by C($0.41). The firm had revenue of C$294.76 million for the quarter, compared to analyst estimates of C$292.60 million. On average, sell-side analysts expect that Cineplex will post 0.4906231 earnings per share for the current year.
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.
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