National Bank Financial Lowers Cineplex Inc (CGX) Price Target to C$46.00
Cineplex Inc (TSE:CGX) had its price objective cut by analysts at National Bank Financial from C$56.00 to C$46.00 in a research note issued on Thursday. National Bank Financial’s price objective points to a potential upside of 4.62% from the stock’s current price.
A number of other equities research analysts also recently weighed in on the company. Scotiabank lowered their price target on Cineplex from C$60.00 to C$57.00 and set an “outperform” rating for the company in a report on Thursday, July 20th. Raymond James Financial, Inc. reiterated an “outperform” rating and issued a C$58.00 price target on shares of Cineplex in a report on Monday, April 10th. BMO Capital Markets reiterated an “outperform” rating and issued a C$58.00 price target on shares of Cineplex in a report on Monday, June 19th. TD Securities reiterated a “buy” rating and issued a C$60.00 price target on shares of Cineplex in a report on Monday, May 1st. Finally, Royal Bank Of Canada boosted their price target on Cineplex from C$53.00 to C$54.00 and gave the company a “sector perform” rating in a report on Wednesday, May 3rd. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of C$51.00.
Cineplex (CGX) opened at 43.97 on Thursday. Cineplex has a 12 month low of $43.75 and a 12 month high of $54.81. The stock’s 50 day moving average is $51.55 and its 200-day moving average is $51.68. The stock has a market capitalization of $3.14 billion and a price-to-earnings ratio of 37.45.
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Cineplex Company Profile
Cineplex Inc operates motion picture theatre circuits in Canada and internationally. It operates through two segments, Exhibition and Media. The company engages in various businesses, including theatrical exhibition, food services, gaming, alternative programming, Cineplex digital solutions, and the online sale of home entertainment content through CineplexStore.com and on apps embedded in various electronic devices.
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