Cineplex Inc (CGX) Given Average Rating of “Buy” by Brokerages
Shares of Cineplex Inc (TSE:CGX) have been assigned an average recommendation of “Buy” from the eight analysts that are covering the firm. Two analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$56.25.
CGX has been the subject of a number of recent analyst reports. Scotiabank reaffirmed a “sector perform” rating and issued a C$52.00 price objective on shares of Cineplex in a research note on Thursday, November 3rd. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a C$53.00 price objective on shares of Cineplex in a research note on Wednesday, November 9th. TD Securities decreased their price objective on shares of Cineplex from C$59.00 to C$58.00 and set a “buy” rating for the company in a research note on Wednesday, November 9th. CIBC raised their price objective on shares of Cineplex from C$52.00 to C$54.00 in a research note on Monday, November 28th. Finally, Raymond James Financial, Inc. reaffirmed an “outperform” rating and issued a C$58.00 price objective on shares of Cineplex in a research note on Monday, January 23rd.
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Cineplex (TSE:CGX) traded down 0.64% during mid-day trading on Friday, hitting $51.29. The stock had a trading volume of 30,948 shares. The stock has a market cap of $3.26 billion and a PE ratio of 24.44. Cineplex has a one year low of $48.26 and a one year high of $53.41. The firm’s 50-day moving average is $52.14 and its 200 day moving average is $51.00.
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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