Cineplex (TSE:CGX) Reaches New 1-Year High at $10.81

Cineplex Inc. (TSE:CGX) shares hit a new 52-week high during trading on Thursday . The stock traded as high as C$10.81 and last traded at C$10.80, with a volume of 185167 shares traded. The stock had previously closed at C$10.71.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on CGX shares. TD Securities lifted their price objective on Cineplex from C$14.00 to C$16.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Desjardins increased their price objective on Cineplex from C$52.00 to C$53.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Royal Bank of Canada dropped their target price on shares of Cineplex from C$14.00 to C$13.00 in a research report on Wednesday, July 24th. Scotiabank raised their price target on shares of Cineplex from C$10.00 to C$12.00 and gave the stock an “outperform” rating in a research report on Monday, August 12th. Finally, Canaccord Genuity Group cut their price objective on shares of Cineplex from C$12.50 to C$12.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$18.71.

Cineplex Trading Up 2.0 %

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. The business’s 50 day simple moving average is C$9.05 and its 200 day simple moving average is C$8.30. The stock has a market cap of C$695.39 million, a P/E ratio of -9.56, a PEG ratio of 0.30 and a beta of 2.74.

Cineplex Company Profile

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.