Cineplex (TSE:CGX) Hits New 12-Month High – Still a Buy?

Cineplex Inc. (TSE:CGX)’s share price hit a new 52-week high during trading on Monday. The stock traded as high as C$13.50 and last traded at C$13.45, with a volume of 156,528 shares trading hands. The stock had previously closed at C$12.99.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Canaccord Genuity Group lifted their target price on Cineplex from C$11.50 to C$12.25 and gave the stock a “hold” rating in a report on Monday, October 19th. National Bank Financial boosted their price target on Cineplex from C$13.50 to C$14.00 and gave the company an “outperform” rating in a research note on Wednesday, August 12th. Royal Bank Of Canada increased their price target on Cineplex from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a report on Tuesday, September 15th. TD Securities raised shares of Cineplex to a “strong-buy” rating in a research report on Friday, July 24th. Finally, RBC Dominion Securities lifted their price objective on shares of Cineplex from C$15.00 to C$16.00 and gave the company an “outperform” rating in a research note on Wednesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$14.46.

Cineplex Trading Up 2.0%

The company has a debt-to-equity ratio of -1,865.57, a quick ratio of 0.22 and a current ratio of 0.44. The business has a 50 day moving average of C$12.56 and a two-hundred day moving average of C$11.44. The firm has a market capitalization of C$844.24 million, a price-to-earnings ratio of -67.00, a P/E/G ratio of 0.30 and a beta of 0.35.

Cineplex (TSE:CGX) last issued its earnings results on Tuesday, August 11th. The company reported C$0.12 earnings per share for the quarter. Cineplex had a positive return on equity of 14.84% and a negative net margin of 0.96%. The company had revenue of C$383.72 million for the quarter. Equities analysts predict that Cineplex Inc. will post 1.08 EPS for the current year.

Cineplex Company Profile

Cineplex (TSX:CGX) is a top-tier Canadian brand that operates in the Film Entertainment and Content, Amusement and Leisure, and Media sectors. Cineplex offers a unique escape from the everyday to millions of guests through its circuit of 169 movie theatres and location-based entertainment venues. In addition to being Canada’s largest and most innovative film exhibitor, the company operates Canada’s favourite destination for ‘Eats & Entertainment’ (The Rec Room), complexes specially designed for teens and families (Playdium), and an entertainment concept that brings movies, amusement gaming, dining, and live performances together under one roof (Cineplex Junxion).