Cineplex (TSE:CGX) Given New C$12.25 Price Target at Canaccord Genuity Group

Cineplex (TSE:CGX) had its price objective hoisted by research analysts at Canaccord Genuity Group from C$11.50 to C$12.25 in a research note issued on Monday, BayStreet reports. The brokerage presently has a “hold” rating on the stock. Canaccord Genuity Group’s price target suggests a potential downside of 4.30% from the stock’s previous close.

Several other analysts also recently weighed in on the stock. Royal Bank Of Canada boosted their price target on shares of Cineplex from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 15th. National Bank Financial raised their price objective on Cineplex from C$13.50 to C$14.00 and gave the company an “outperform” rating in a research note on Wednesday, August 12th. Scotiabank lifted their price objective on Cineplex from C$12.00 to C$13.50 and gave the stock a “sector outperform” rating in a report on Wednesday, August 12th. Finally, TD Securities raised Cineplex to a “strong-buy” rating in a research note on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of C$14.15.

Cineplex Price Performance

TSE CGX traded up C$0.01 on Monday, hitting C$12.80. The stock had a trading volume of 190,728 shares, compared to its average volume of 303,851. The firm has a 50-day moving average of C$12.43 and a 200-day moving average of C$11.82. 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. Cineplex has a 52-week low of C$9.15 and a 52-week high of C$13.38. The company has a market capitalization of C$806.44 million, a price-to-earnings ratio of -64.00, a price-to-earnings-growth ratio of 0.30 and a beta of 0.35.

Cineplex (TSE:CGX) last posted its quarterly earnings data on Tuesday, August 11th. The company reported C$0.12 earnings per share for the quarter. The company had revenue of C$383.72 million for the quarter. Cineplex had a negative net margin of 0.96% and a positive return on equity of 14.84%. Equities analysts expect that Cineplex will post 1.08 EPS for the current year.

About Cineplex

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).