Cineplex Inc. (TSE:CGX) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Cineplex Inc. (TSE:CGX) have been given an average recommendation of “Moderate Buy” by the seven ratings firms that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is C$18.71.

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

Cineplex Trading Down 0.6 %

CGX stock opened at C$9.99 on Thursday. The company has a quick ratio of 0.22, a current ratio of 0.36 and a debt-to-equity ratio of 30,533.69. Cineplex has a twelve month low of C$7.10 and a twelve month high of C$11.16. The company has a market cap of C$636.16 million, a P/E ratio of -8.92, a PEG ratio of 0.30 and a beta of 2.74. The business has a fifty day moving average of C$10.44 and a 200-day moving average of C$9.38.

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.