Cineplex (TSE:CGX) Price Target Raised to C$13.50

Cineplex (TSE:CGX) had its price objective upped by research analysts at Scotiabank from C$12.00 to C$13.50 in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage currently has a “sector outperform” rating on the stock. Scotiabank’s price target indicates a potential upside of 9.05% from the company’s current price.

A number of other equities research analysts have also recently commented on CGX. Canaccord Genuity Group raised their price target on Cineplex from C$10.50 to C$11.50 and gave the company a “hold” rating in a report on Tuesday, May 12th. TD Securities raised Cineplex to a “strong-buy” rating in a research note on Friday, July 24th. Royal Bank Of Canada increased their target price on Cineplex from C$13.00 to C$14.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, National Bank Financial lifted their target price on Cineplex from C$13.50 to C$14.00 and gave the company an “outperform” rating in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of C$13.83.

Cineplex Stock Performance

Shares of TSE CGX traded up C$0.42 during trading on Wednesday, hitting C$12.38. The company had a trading volume of 458,878 shares, compared to its average volume of 279,713. Cineplex has a 12 month low of C$9.15 and a 12 month high of C$13.28. The company has a debt-to-equity ratio of -1,703.50, a quick ratio of 0.22 and a current ratio of 0.37. The firm has a market capitalization of C$779.98 million, a P/E ratio of -34.39, a price-to-earnings-growth ratio of 0.30 and a beta of 0.36. The stock has a 50 day simple moving average of C$11.87 and a 200 day simple moving average of C$10.99.

Cineplex (TSE:CGX) last released its earnings results on Tuesday, August 11th. The company reported C$0.12 earnings per share for the quarter. The company had revenue of C$383.72 million for the quarter. Cineplex had a negative net margin of 1.72% and a positive return on equity of 27.72%. As a group, analysts anticipate that Cineplex will post 1.0754912 earnings per share for the current year.

Cineplex Company Profile

Cineplex is a diversified media company that operates chains of movie theaters. The company has four reporting segments: film entertainment and content; media; amusement and leisure; and location-based entertainment. The film entertainment and content segment includes revenue from theater attendance. The media segment includes cinema media and digital place-based media operations. The amusement and leisure reporting segment manages the operation and distribution of gaming and vending equipment. Formerly housed in the amusement and leisure segment, the location-based entertainment business derives revenue from entertainment restaurant chains like The Rec Room and Playdium.