Cineplex (TSE:CGX) Price Target Raised to C$14.00

Cineplex (TSE:CGX) had its price objective upped by Royal Bank Of Canada from C$13.00 to C$14.00 in a research report released on Wednesday,BayStreet.CA reports. They currently have an outperform rating on the stock.

Other research analysts have also issued reports about the company. Canaccord Genuity Group upped their price target on Cineplex from C$10.50 to C$11.50 and gave the stock a “hold” rating in a report on Tuesday, May 12th. TD Securities upgraded shares of Cineplex to a “strong-buy” rating in a research note on Friday, July 24th. Finally, National Bank Financial boosted their target price on shares of Cineplex from C$13.50 to C$14.00 and gave the stock an “outperform” rating in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of C$13.83.

Cineplex Price Performance

TSE CGX opened at C$12.65 on Wednesday. Cineplex has a twelve month low of C$9.15 and a twelve month high of C$13.28. The company has a debt-to-equity ratio of -1,865.57, a quick ratio of 0.22 and a current ratio of 0.44. The stock has a market capitalization of C$796.99 million, a PE ratio of -35.14, a P/E/G ratio of 0.30 and a beta of 0.36. The stock has a 50-day simple moving average of C$11.95 and a 200 day simple moving average of C$11.04.

Cineplex (TSE:CGX) last announced its earnings results on Tuesday, August 11th. The company reported C$0.12 earnings per share for the quarter. The firm had revenue of C$383.72 million during the quarter. Cineplex had a positive return on equity of 14.84% and a negative net margin of 0.96%. Research analysts anticipate that Cineplex will post 1.0754912 EPS for the current year.

About Cineplex

Cineplex is a diversified media company that operates chains of movie theaters. The company has four reporting segments: film entertainment and content; media; amusement and leisure; and location-based entertainment. The film entertainment and content segment includes revenue from theater attendance. The media segment includes cinema media and digital place-based media operations. The amusement and leisure reporting segment manages the operation and distribution of gaming and vending equipment. Formerly housed in the amusement and leisure segment, the location-based entertainment business derives revenue from entertainment restaurant chains like The Rec Room and Playdium.