Cineplex Inc (CGX) Price Target Raised to C$54.00
Cineplex Inc (TSE:CGX) had its price target hoisted by research analysts at CIBC from C$52.00 to C$54.00 in a research note issued to investors on Monday. CIBC’s target price would suggest a potential upside of 6.70% from the company’s current price.
A number of other brokerages also recently issued reports on CGX. Scotiabank reissued a “sector perform” rating and set a C$52.00 price target on shares of Cineplex in a report on Wednesday, November 9th. TD Securities lowered their price target on shares of Cineplex from C$59.00 to C$58.00 and set a “buy” rating on the stock in a report on Wednesday, November 9th. Royal Bank Of Canada lowered their price target on shares of Cineplex from C$52.00 to C$51.00 and set a “sector perform” rating on the stock in a report on Monday, August 15th. 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 on the stock in a report on Friday, August 12th. Finally, Raymond James Financial Inc. increased their price target on shares of Cineplex from C$56.00 to C$58.00 in a report on Friday, August 12th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of C$55.14.
Shares of Cineplex (TSE:CGX) traded up 0.35% during mid-day trading on Monday, hitting $50.65. 16,824 shares of the stock traded hands. The stock has a market cap of $3.22 billion and a price-to-earnings ratio of 24.13. Cineplex has a 12 month low of $44.67 and a 12 month high of $52.50. The firm has a 50 day moving average of $50.95 and a 200 day moving average of $50.99.
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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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