Cineplex Inc (CGX) Rating Reiterated by Royal Bank Of Canada
Cineplex Inc (TSE:CGX)‘s stock had its “sector perform” rating reiterated by research analysts at Royal Bank Of Canada in a report issued on Wednesday. They currently have a C$53.00 price target on the stock. Royal Bank Of Canada’s target price points to a potential upside of 5.45% from the stock’s previous close.
A number of other equities analysts also recently commented on CGX. Scotiabank restated a “sector perform” rating and issued a C$52.00 target price on shares of Cineplex in a research note on Wednesday, July 13th. TD Securities restated a “buy” rating and issued a C$58.00 target price on shares of Cineplex in a research note on Tuesday, August 9th. Raymond James Financial Inc. upped their price target on shares of Cineplex from C$56.00 to C$58.00 in a research report on Friday, August 12th. Finally, RBC Capital Markets lowered their price target on shares of Cineplex from C$52.00 to C$51.00 and set a “sector perform” rating for the company in a research report on Friday, August 12th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of C$54.71.
Shares of Cineplex (TSE:CGX) opened at 50.26 on Wednesday. The firm has a 50-day moving average of $51.01 and a 200-day moving average of $50.93. Cineplex has a 52-week low of $44.67 and a 52-week high of $52.50. The company has a market cap of $3.19 billion and a P/E ratio of 25.02.
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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