Cineplex (TSE:CGX) Price Target Raised to C$16.00

Cineplex (TSE:CGX) had its price objective raised by National Bank Financial from C$14.00 to C$16.00 in a research note released on Monday,BayStreet reports. National Bank Financial currently has an outperform rating on the stock.

A number of other brokerages also recently weighed in on CGX. RBC Dominion Securities boosted their price target on shares of Cineplex from C$15.00 to C$16.00 and gave the stock an “outperform” rating in a report on Wednesday, October 28th. Royal Bank Of Canada raised their price objective on shares of Cineplex from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a report on Tuesday, September 15th. Scotiabank raised their price objective on shares of Cineplex from C$12.00 to C$13.50 and gave the stock a “sector outperform” rating in a report on Wednesday, August 12th. Canaccord Genuity Group lifted their price objective on shares of Cineplex from C$11.50 to C$12.25 and gave the stock a “hold” rating in a research report on Monday, October 19th. Finally, TD Securities upgraded shares of Cineplex to a “strong-buy” rating in a research note on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Cineplex currently has an average rating of “Buy” and a consensus target price of C$15.08.

Cineplex Stock Down 0.1%

CGX stock opened at C$14.34 on Monday. The stock’s fifty day simple moving average is C$12.79 and its two-hundred day simple moving average is C$11.56. The company has a current ratio of 0.44, a quick ratio of 0.22 and a debt-to-equity ratio of -1,865.57. Cineplex has a 1-year low of C$9.15 and a 1-year high of C$14.54. The stock has a market cap of C$903.46 million, a P/E ratio of 89.62, a P/E/G ratio of 0.30 and a beta of 0.15.

Cineplex (TSE:CGX) last announced its earnings results on Friday, November 6th. The company reported C$0.34 earnings per share (EPS) for the quarter. The firm had revenue of C$440.20 million during the quarter. Cineplex had a positive return on equity of 14.84% and a negative net margin of 0.96%. Analysts expect that Cineplex will post 1.08 EPS for the current year.

Cineplex Company Profile

Cineplex (TSX:CGX) is a top-tier Canadian brand that operates in the Film Entertainment and Content, Amusement and Leisure, and Media sectors. Cineplex offers a unique escape from the everyday to millions of guests through its circuit of 169 movie theatres and location-based entertainment venues. In addition to being Canada’s largest and most innovative film exhibitor, the company operates Canada’s favourite destination for ‘Eats & Entertainment’ (The Rec Room), complexes specially designed for teens and families (Playdium), and an entertainment concept that brings movies, amusement gaming, dining, and live performances together under one roof (Cineplex Junxion).