CIBC Trims Cineplex Inc (CGX) Target Price to C$50.00
Other research analysts have also issued research reports about the company. Raymond James Financial, Inc. reissued an outperform rating and set a C$58.00 price objective on shares of Cineplex in a report on Tuesday, June 27th. National Bank Financial lowered their price objective on Cineplex from C$56.00 to C$46.00 in a report on Thursday. BMO Capital Markets reissued an outperform rating and set a C$58.00 price objective on shares of Cineplex in a report on Monday, June 19th. Royal Bank Of Canada increased their price objective 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. Finally, Scotiabank increased their price objective on Cineplex from C$59.00 to C$60.00 and gave the company an outperform rating in a report on Wednesday, May 3rd. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Cineplex has a consensus rating of Buy and an average target price of C$51.00.
Cineplex (TSE:CGX) opened at 43.97 on Thursday. The firm has a market capitalization of $3.14 billion and a price-to-earnings ratio of 37.45. The company’s 50-day moving average price is $51.55 and its 200 day moving average price is $51.68. Cineplex has a 52-week low of $43.75 and a 52-week high of $54.81.
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The firm also recently announced a monthly dividend, which will be paid on Thursday, August 31st. Investors of record on Monday, July 31st will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, July 27th. This represents a $1.68 annualized dividend and a yield of 3.82%.
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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