Analysts Set Cineplex Inc. (TSE:CGX) Price Target at C$12.88

Shares of Cineplex Inc. (TSE:CGX) have been given a consensus rating of “Moderate Buy” by the six analysts that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is C$12.88.

A number of research firms recently issued reports on CGX. Royal Bank of Canada lowered their target price on Cineplex from C$15.00 to C$14.00 and set an “outperform” rating for the company in a research note on Friday, February 9th. BMO Capital Markets increased their target price on Cineplex from C$11.50 to C$12.50 and gave the stock a “market perform” rating in a research note on Wednesday, March 6th. Scotiabank raised their price target on shares of Cineplex from C$11.00 to C$11.25 and gave the stock an “outperform” rating in a research note on Friday, March 8th. Finally, Canaccord Genuity Group decreased their price target on shares of Cineplex from C$13.75 to C$13.00 and set a “buy” rating for the company in a research note on Friday, February 9th.

Insider Activity at Cineplex

In other news, Senior Officer Kevin David Watts bought 3,200 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The stock was acquired at an average cost of C$7.92 per share, with a total value of C$25,344.00. In other Cineplex news, Senior Officer Kevin David Watts purchased 3,200 shares of the business’s stock in a transaction on Wednesday, February 28th. The stock was acquired at an average price of C$7.92 per share, with a total value of C$25,344.00. Also, Senior Officer Gordon Nelson purchased 10,000 shares of the business’s stock in a transaction on Wednesday, March 20th. The shares were acquired at an average cost of C$7.47 per share, with a total value of C$74,700.00. Over the last three months, insiders bought 14,500 shares of company stock valued at $109,911. 1.52% of the stock is owned by corporate insiders.

Cineplex Price Performance

TSE CGX opened at C$8.30 on Friday. The business has a 50 day simple moving average of C$8.03 and a 200 day simple moving average of C$8.18. Cineplex has a 52-week low of C$7.14 and a 52-week high of C$10.15. The company has a debt-to-equity ratio of 7,933.30, a quick ratio of 0.22 and a current ratio of 0.55. The stock has a market cap of C$528.54 million, a price-to-earnings ratio of 4.61, a PEG ratio of 0.30 and a beta of 2.84.

About Cineplex

Cineplex Inc, together with its subsidiaries, operates as an entertainment and media company in Canada and internationally. It operates through three segments: Film Entertainment and Content, Media, and Location-Based Entertainment. The company engages in theatre exhibitions and food service activities; and provision of alternative programming service comprising international film programming, as well as content offered under the Event Cinema brand, including The Metropolitan Opera, sporting events, concerts, and dedicated event screens.