Cineplex (TSE:CGX) received a C$31.00 target price from equities researchers at Raymond James in a research note issued on Tuesday, April 9th, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Raymond James’ price objective would indicate a potential upside of 21.52% from the company’s previous close.
Several other research firms have also weighed in on CGX. National Bank Financial reduced their price objective on shares of Cineplex from C$30.00 to C$29.00 and set a “sector perform” rating on the stock in a research note on Wednesday, January 16th. BMO Capital Markets cut their price target on shares of Cineplex from C$32.00 to C$30.00 and set a “market perform” rating on the stock in a research note on Tuesday, February 19th. TD Securities cut their price target on shares of Cineplex from C$36.00 to C$35.00 in a research note on Tuesday, February 19th. Finally, CIBC lowered their price objective on shares of Cineplex from C$33.00 to C$30.00 in a report on Tuesday, February 19th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of C$31.21.
Shares of Cineplex stock traded up C$0.13 during mid-day trading on Tuesday, reaching C$25.51. 172,400 shares of the stock were exchanged, compared to its average volume of 240,497. The company has a quick ratio of 0.46, a current ratio of 0.56 and a debt-to-equity ratio of 88.76. The stock has a market capitalization of $1.61 billion and a P/E ratio of 20.96. Cineplex has a fifty-two week low of C$22.88 and a fifty-two week high of C$36.65.
Cineplex Inc, through its subsidiaries, operates as an entertainment and media company in Canada and internationally. It operates through three segments: Film Entertainment and Content, Media, and Amusement and Leisure. The Film Entertainment and Content segment operates film theatres; and provides food and in-theatre amusement services, as well as rents theatre and digital commerce.
Further Reading: How a Back-End Load Mutual Fund Works
Receive News & Ratings for Cineplex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cineplex and related companies with MarketBeat.com's FREE daily email newsletter.