Cineplex (TSE:CGX) was downgraded by equities research analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating in a research report issued on Monday. They presently have a C$37.00 price target on the stock, down from their prior price target of C$44.00. BMO Capital Markets’ target price points to a potential upside of 9.37% from the stock’s current price.

Several other equities research analysts have also recently weighed in on the stock. TD Securities dropped their price target on shares of Cineplex from C$52.00 to C$47.00 and set a “buy” rating for the company in a research report on Wednesday, November 8th. National Bank Financial dropped their price target on shares of Cineplex from C$42.00 to C$40.50 and set a “sector perform” rating for the company in a research report on Wednesday, November 8th. Scotiabank reissued an “outperform” rating and set a C$46.00 price target on shares of Cineplex in a research report on Wednesday, September 20th. Finally, Raymond James Financial dropped their price target on shares of Cineplex from C$52.00 to C$46.00 and set an “outperform” rating for the company in a research report on Tuesday, September 26th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. Cineplex presently has an average rating of “Buy” and an average price target of C$44.94.

Shares of Cineplex (TSE:CGX) traded up C$0.22 on Monday, reaching C$33.83. 284,160 shares of the company’s stock traded hands, compared to its average volume of 340,423. The stock has a market cap of $2,140.00, a PE ratio of 32.84 and a beta of 0.41. Cineplex has a fifty-two week low of C$33.07 and a fifty-two week high of C$54.81.

In related news, insider Gordon Nelson bought 4,000 shares of the company’s stock in a transaction dated Thursday, November 9th. The stock was purchased at an average cost of C$36.00 per share, with a total value of C$144,000.00. Also, insider Lorraine Marie Legault bought 1,625 shares of the company’s stock in a transaction dated Friday, December 15th. The stock was bought at an average cost of C$39.82 per share, with a total value of C$64,707.50. Over the last ninety days, insiders bought 10,625 shares of company stock valued at $394,058.

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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.

Analyst Recommendations for Cineplex (TSE:CGX)

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