Cineplex Inc (TSE:CGX) – Equities research analysts at National Bank Financial dropped their FY2016 EPS estimates for shares of Cineplex in a report issued on Wednesday. National Bank Financial analyst A. Shine now forecasts that the brokerage will post earnings of $1.42 per share for the year, down from their prior forecast of $1.65. National Bank Financial also issued estimates for Cineplex’s FY2017 earnings at $2.02 EPS.
A number of other research analysts also recently issued reports on the company. Scotiabank restated a “sector perform” rating on shares of Cineplex in a research note on Friday, August 26th. TD Securities reiterated a “buy” rating and issued a C$58.00 target price on shares of Cineplex in a research note on Tuesday, August 9th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a C$52.00 target price on shares of Cineplex in a research note on Friday, July 15th. RBC Capital Markets lowered their target price on Cineplex from C$52.00 to C$51.00 and set a “sector perform” rating on the stock in a research note on Friday, August 12th. Finally, Raymond James Financial Inc. lifted their target price on Cineplex from C$56.00 to C$58.00 in a research note on Friday, August 12th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of C$54.57.
Shares of Cineplex (TSE:CGX) opened at 52.07 on Friday. Cineplex has a 52-week low of $44.67 and a 52-week high of $52.50. The stock’s 50 day moving average price is $50.37 and its 200 day moving average price is $50.85. The company has a market capitalization of $3.31 billion and a P/E ratio of 25.92.
Cineplex Company Profile
Cineplex Inc is a Canada-based entertainment company. The Company operates through two segments: Exhibition and Media. The Exhibition segment offers box office services, food service, gaming services, theatre rentals and digital commerce rental and sales. The Media segment consists of Cineplex Media, which consists of in-theatre advertising, pre-show, showtime, magazine and lobby advertising, and Cineplex Digital Media (CDM), which is associated with the design, installation and operations of digital signage networks.
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