Cineplex Inc (CGX) Rating Reiterated by Scotiabank
Cineplex Inc (TSE:CGX)‘s stock had its “sector perform” rating reiterated by investment analysts at Scotiabank in a research report issued to clients and investors on Wednesday. They presently have a C$52.00 target price on the stock. Scotiabank’s target price points to a potential upside of 4.52% from the company’s previous close.
Other equities research analysts have also recently issued research reports about the company. National Bank Financial increased their price target on Cineplex from C$56.00 to C$60.00 in a research note on Wednesday, July 6th. Raymond James Financial Inc. upped their target price on Cineplex from C$56.00 to C$58.00 in a research report on Friday, August 12th. TD Securities restated a “buy” rating and set a C$58.00 target price on shares of Cineplex in a research report on Tuesday, August 9th. Royal Bank Of Canada cut their target price on Cineplex from C$52.00 to C$51.00 and set a “sector perform” rating on the stock in a research report on Monday, August 15th. Finally, RBC Capital Markets cut their target price on Cineplex from C$52.00 to C$51.00 and set a “sector perform” rating on the stock in a research report on Friday, August 12th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of C$54.43.
Cineplex (TSE:CGX) opened at 49.75 on Wednesday. The firm has a market cap of $3.16 billion and a price-to-earnings ratio of 24.76. Cineplex has a 52-week low of $44.67 and a 52-week high of $52.50. The firm’s 50 day moving average price is $50.27 and its 200 day moving average price is $50.78.
Cineplex Inc is a Canada-based entertainment company. The Company operates through two segments: Exhibition and Media. The Exhibition segment offers box office services, food service, gaming services, theatre rentals and digital commerce rental and sales. The Media segment consists of Cineplex Media, which consists of in-theatre advertising, pre-show, showtime, magazine and lobby advertising, and Cineplex Digital Media (CDM), which is associated with the design, installation and operations of digital signage networks.
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