Raymond James Analysts Give Cineplex (TSE:CGX) a C$31.00 Price Target

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 (TSE:CGX) last posted its quarterly earnings data on Friday, February 15th. The company reported C$0.43 earnings per share for the quarter, missing the consensus estimate of C$0.51 by C($0.08). The business had revenue of C$428.18 million for the quarter, compared to analysts’ expectations of C$425.40 million. On average, equities analysts anticipate that Cineplex will post 1.43000004279729 earnings per share for the current year.

About Cineplex

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.

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Analyst Recommendations for Cineplex (TSE:CGX)

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