Cineplex Inc (CGX) PT Lowered to C$58.00
Cineplex Inc (TSE:CGX) had its target price dropped by analysts at TD Securities from C$59.00 to C$58.00 in a report issued on Wednesday. The firm currently has a “buy” rating on the stock. TD Securities’ target price would suggest a potential upside of 15.40% from the company’s previous close.
Several other equities analysts have also issued reports on CGX. Raymond James Financial Inc. upped their target price on Cineplex from C$56.00 to C$58.00 in a report on Friday, August 12th. Scotiabank reaffirmed a “sector perform” rating and issued a C$52.00 target price on shares of Cineplex in a report on Thursday, November 3rd. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a C$53.00 target price on shares of Cineplex in a report on Wednesday. Finally, RBC Capital Markets reduced their target price on Cineplex from C$52.00 to C$51.00 and set a “sector perform” rating for the company in a report on Friday, August 12th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of C$54.71.
Cineplex (TSE:CGX) opened at 50.26 on Wednesday. Cineplex has a one year low of $44.67 and a one year high of $52.50. The firm has a market capitalization of $3.19 billion and a PE ratio of 25.02. The firm has a 50-day moving average price of $51.01 and a 200 day moving average price of $50.93.
Cineplex Inc is a Canada-based entertainment company. The Company operates through two segments: Exhibition and Media. The Exhibition segment offers box office services, food service, gaming services, theatre rentals and digital commerce rental and sales. The Media segment consists of Cineplex Media, which consists of in-theatre advertising, pre-show, showtime, magazine and lobby advertising, and Cineplex Digital Media (CDM), which is associated with the design, installation and operations of digital signage networks.
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