Cineplex Inc (CGX) Given New C$59.00 Price Target at TD Securities
Cineplex Inc (TSE:CGX) had its price target lifted by equities researchers at TD Securities from C$58.00 to C$59.00 in a research note issued on Friday. The brokerage currently has a “buy” rating on the stock. TD Securities’ target price indicates a potential upside of 18.59% from the stock’s previous close.
Several other equities analysts also recently issued reports on the company. Scotiabank reiterated a “sector perform” rating and issued a C$52.00 price objective on shares of Cineplex in a research report on Wednesday. Royal Bank Of Canada dropped their target price on Cineplex from C$52.00 to C$51.00 and set a “sector perform” rating for the company in a research report on Monday, August 15th. RBC Capital Markets dropped their target price on Cineplex from C$52.00 to C$51.00 and set a “sector perform” rating for the company in a research report on Friday, August 12th. Raymond James Financial Inc. boosted their target price on Cineplex from C$56.00 to C$58.00 in a research report on Friday, August 12th. Finally, National Bank Financial boosted their target price on Cineplex from C$56.00 to C$60.00 in a research report on Wednesday, July 6th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Cineplex currently has a consensus rating of “Hold” and a consensus target price of C$54.57.
Shares of Cineplex (TSE:CGX) traded up 1.49% on Friday, reaching $50.49. The company had a trading volume of 66,871 shares. Cineplex has a one year low of $44.67 and a one year high of $52.50. The firm has a market cap of $3.21 billion and a P/E ratio of 25.13. The company has a 50-day moving average price of $50.27 and a 200-day moving average price of $50.78.
Cineplex Company Profile
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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