Cineplex Inc (CGX) Rating Reiterated by Scotiabank
Cineplex Inc (TSE:CGX)‘s stock had its “sector perform” rating reaffirmed by stock analysts at Scotiabank in a research report issued to clients and investors on Wednesday. They currently have a C$52.00 target price on the stock. Scotiabank’s price objective would indicate a potential upside of 3.46% from the stock’s current price.
CGX has been the subject of several other reports. TD Securities lifted their target price on shares of Cineplex from C$58.00 to C$59.00 and gave the company a “buy” rating in a report on Friday, September 23rd. Royal Bank Of Canada reiterated a “sector perform” rating and set a C$53.00 target price on shares of Cineplex in a report on Wednesday. RBC Capital Markets lowered their target price on shares of 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. Finally, Raymond James Financial Inc. lifted their target price on shares of Cineplex from C$56.00 to C$58.00 in a report on Friday, August 12th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of C$54.71.
Shares of Cineplex (TSE:CGX) opened at 50.26 on Wednesday. Cineplex has a 52-week low of $44.67 and a 52-week high of $52.50. The firm’s 50 day moving average price is $51.01 and its 200 day moving average price is $50.93. The stock has a market cap of $3.19 billion and a P/E ratio of 25.02.
Cineplex Company Profile
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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