CIBC Boosts Cineplex Inc (CGX) Price Target to C$54.00
Other equities analysts have also issued research reports about the stock. Scotiabank reissued a sector perform rating and issued a C$52.00 price target on shares of Cineplex in a research report on Wednesday, August 10th. TD Securities reissued a buy rating and issued a C$58.00 price target on shares of Cineplex in a research report on Tuesday, August 9th. Raymond James Financial Inc. lifted their price target on shares of Cineplex from C$56.00 to C$58.00 in a research report on Friday, August 12th. Royal Bank Of Canada dropped their price target on shares of 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 lowered their price objective on shares of Cineplex from C$52.00 to C$51.00 and set a sector perform rating on the stock in a research note on Friday, August 12th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of C$55.14.
Shares of Cineplex (TSE:CGX) opened at 50.31 on Monday. Cineplex has a 12-month low of $44.67 and a 12-month high of $52.50. The firm has a market cap of $3.19 billion and a PE ratio of 23.97. The company has a 50 day moving average of $50.91 and a 200-day moving average of $51.01.
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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