Scotiabank Reiterates “Outperform” Rating for Cineplex Inc (CGX)
Cineplex Inc (TSE:CGX)‘s stock had its “outperform” rating reissued by equities research analysts at Scotiabank in a research report issued to clients and investors on Wednesday. They presently have a C$46.00 target price on the stock. Scotiabank’s target price suggests a potential upside of 14.97% from the company’s current price.
A number of other analysts also recently commented on CGX. TD Securities decreased their price objective on shares of Cineplex from C$64.00 to C$52.00 and set a “buy” rating on the stock in a report on Thursday, August 3rd. National Bank Financial decreased their price objective on shares of Cineplex from C$46.00 to C$42.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 9th. Canaccord Genuity decreased their price objective on shares of Cineplex from C$59.00 to C$51.00 and set a “buy” rating on the stock in a report on Thursday, August 3rd. BMO Capital Markets decreased their price objective on shares of Cineplex from C$48.00 to C$44.00 and set an “outperform” rating on the stock in a report on Wednesday, September 6th. Finally, 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. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Cineplex currently has a consensus rating of “Buy” and an average price target of C$48.38.
Cineplex (TSE:CGX) opened at 40.01 on Wednesday. Cineplex has a 52-week low of $34.43 and a 52-week high of $54.81. The firm has a market cap of $2.54 billion and a P/E ratio of 33.91. The company’s 50 day moving average is $39.91 and its 200 day moving average is $48.74.
In other Cineplex news, insider Daniel F. Mcgrath bought 10,000 shares of the business’s stock in a transaction on Thursday, September 7th. The stock was bought at an average price of C$38.59 per share, for a total transaction of C$385,900.00.
Cineplex Company Profile
Cineplex Inc (Cineplex) is a Canada-based film exhibition company. The Company’s segments include Exhibition and Media. The Exhibition segment includes all direct and ancillary revenues from theatre attendance, including box office and food service revenues. The Exhibition segment also includes amusement gaming and leisure, theatre rentals and digital commerce rental and sales.
Receive News & Ratings for Cineplex Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cineplex Inc and related companies with MarketBeat.com's FREE daily email newsletter.