Cineplex Inc (CGX) Given New C$57.00 Price Target at Scotiabank
Cineplex Inc (TSE:CGX) had its price objective trimmed by Scotiabank from C$60.00 to C$57.00 in a research report report published on Thursday morning. The brokerage currently has an outperform rating on the stock.
Other research analysts also recently issued research reports about the company. National Bank Financial downgraded Cineplex from an outperform rating to a sector perform rating and decreased their price objective for the stock from C$60.00 to C$56.00 in a report on Friday, July 14th. Raymond James Financial, Inc. reiterated an outperform rating and issued a C$58.00 price objective on shares of Cineplex in a report on Monday, April 10th. BMO Capital Markets reiterated an outperform rating and issued a C$58.00 price objective on shares of Cineplex in a report on Monday, June 19th. TD Securities reiterated a buy rating and issued a C$60.00 price objective on shares of Cineplex in a report on Monday, May 1st. Finally, Royal Bank Of Canada lifted their price objective on Cineplex from C$53.00 to C$54.00 and gave the stock a sector perform rating in a report on Wednesday, May 3rd. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Cineplex presently has a consensus rating of Buy and a consensus target price of C$56.88.
Shares of Cineplex (TSE CGX) traded down 0.08% during trading on Thursday, reaching $49.82. The company’s stock had a trading volume of 73,975 shares. The stock has a market cap of $3.16 billion and a P/E ratio of 39.01. Cineplex has a 12-month low of $48.55 and a 12-month high of $54.81. The stock’s 50-day moving average is $51.99 and its 200-day moving average is $51.81.
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The business also recently disclosed a monthly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Monday, July 31st will be issued a $0.14 dividend. The ex-dividend date of this dividend is Thursday, July 27th. This represents a $1.68 annualized dividend and a dividend yield of 3.37%.
Cineplex Company Profile
Cineplex Inc (Cineplex) is a Canada-based film exhibition company. The Company’s segments include Exhibition and Media. The Exhibition segment includes all direct and ancillary revenues from theatre attendance, including box office and food service revenues. The Exhibition segment also includes amusement gaming and leisure, theatre rentals and digital commerce rental and sales.
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